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Bitmine to use $177 million in net proceeds from sale of ARK Invest shares to buy Ethereum

By: odaily.com|2025/07/23 01:11:50

Odaily News Bitmine announced that it will use all net proceeds from the sale of its $182 million stake in ARK Invest - about $177 million - to purchase Ethereum and deposit it into the companys coffers. (Cointelegraph)

Data: Approximately 519,000 ETH is currently queued to exit the Ethereum PoS network, with the exit queue reaching its longest wait time in nearly a year and a half.

WisdomTree rebrands WUSD Stablecoin to USDW and plans to expand to other blockchains