Join Our Telegram channel to stay up to date on breaking news coverageFundstrat CIO Tom Lee said Ethereum is entering a “supercycle” as BitMine Immersion Technologies’ ETH holdings topped 2 million and Cathie Wood’s ARK Invest bought $4.4 million BMNR. ARK Invest Buys $4.4M BMNRAmid BitMine’s increased ETH holdings, asset manager ARK Invest disclosed that it had bought 101,950 BitMine shares for about $4.4 million. ARK Invest latest trade updates (Source: X)Those purchases were spread across ARK Invest’s three ETFs (exchange-traded funds). The ARK Innovation ETF (ARKK) bought 67,700 BitMine shares, the ARK Next Generation Internet ETF (ARKW) acquired 21,890 shares, and the ARK Fintech Innovation ETF (ARKF) purchased 12,360 BitMine stock. Combined, those three ETFs currently hold 6.7 million shares in BitMine valued at about $284 million.