PANews reported on September 9th that, according to The Block , Ark Invest purchased a total of approximately $4.46 million worth of BitMine Immersion Technologies ( BMNR) shares through its three ETFs on Monday , purchasing 67,700 shares through ARKK , 21,890 shares through ARKW , and 12,360 shares through ARKF . BitMine , an Ethereum treasury company, holds approximately 1.78 million ETH. Its stock price rose 4.16% to $43.79 that day . During the same period, ARKW sold 43,728 shares of Robinhood ( HOOD ) , cashing in approximately $5.13 million. Robinhood's stock price rose 15.8% to $ 117.28 following its inclusion in the S&P 500 index.

ETHZilla CEO McAndrew Rudisill said the company’s strategy is to deploy Ether on the Ethereum network through layer-2 protocols and tokenizing real-world assets. Ether treasury company ETHZilla is looking to raise another $350 million through new convertible bonds, with funds marked for more Ether purchases and generating yield through investments in the ecosystem. ETHZilla chairman and CEO McAndrew Rudisill said on Monday that the company’s strategy is to deploy Ether (ETH) in “cash-flowing assets” on the Ethereum network through layer-2 protocols and tokenizing real-world assets. A growing number of digital asset companies are moving past simply holding crypto and looking to generate yields through active participation in the ecosystem, which crypto executives told Cointelegraph in August, could help spark a DeFi Summer 2.0.Read more

