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