Cathie Wood’s ARK Invest buys another $15M of ETH firm BitMine
With the recent purchase, ARK Invest now holds more than $300 million worth of Bitmine shares across its three funds.
Cathie Wood’s ARK Invest bought another $15.6 million of shares in Bitmine Immersion Technologies (BMNR), bringing its total investment in the company to more than $300 million.
ARK Invest bought the shares on Wednesday across its three funds, with ARK Innovation ETF (ARKK) buying 227,569 shares, followed by ARK Next Generation Internet ETF (ARKW) with 70,991 shares and ARK Fintech Innovation ETF (ARKF), which bought 40,553 shares.
ARK Invest’s BitMine holdings, which can also be seen as a bet on Ether, are now almost half the size of its investment in Coinbase.