- Ark has been strategically adjusting its investments, adding exposure to companies like Airbnb, AMD, and DoorDash alongside BitMine, while also managing its holdings in Coinbase and focusing on Ethereum.
- BitMine Immersion plans to issue stock to buy more ETH, operating transaction chains on Ethereum, with Tom Lee leading its board.
- BitMine Immersion is based in Las Vegas and has secured major backing from Founders Fund and ARK Invest, with Tom Lee serving as chairman.
Founders Fund and ARK Invest are backing Ethereum strategies and crypto ventures.
1 report, 1 independent
Updated Jul 23
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What happened
Founders Fund and ARK Invest are backing Ethereum strategies and crypto ventures.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Founders Fund
American venture capital firm
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Ethereum
public blockchain platform with programmable transaction functionality
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Bitcoin
digital cash system and associated currency
Related events
Coverage
Newest first; wire copies grouped- BenzingaCathie Wood Joins Crypto Heavyweights In Backing BitMine's Ethereum Play ARK Invest, led by Cathie Wood, has made a major equity investment in BitMine Immersion Technologies Inc. (AMEX:BMNR), acquiri