Cathie Wood’s ARK Invest adds $20 million in BitMine shares while scaling back exposure to Coinbase, Block and Robinhood amid its crypto portfolio reshuffle.
Cathie Wood’s ARK Invest ramped up its exposure to BitMine Immersion Technologies on Monday, purchasing over $20 million worth of shares across three of its actively managed ETFs.
According to ARK’s daily trading disclosures, the ARK Innovation ETF (ARKK) acquired 401,318 shares of BitMine, while ARKW and ARKF picked up 128,048 and 43,487 shares, respectively. In total, ARK Invest added 572,853 BitMine shares.
The buying spree came on the heels of BitMine’s announcement that its Ether (ETH) holdings had exceeded $2 billion in just 16 days. Strategic Ether Reserves shows BitMine as the largest Ether treasury firm with 566,800 ETH, followed by SharpLink Gaming with 360,800 ETH.
