ARK Invest Acquires Over $23.5 Million in BitMine and Bullish Shares
ARK Invest increased its investment in crypto-related equities, purchasing over $23.5 million in BitMine Immersion Technologies (BMNR) and Bullish across three ETFs.
- Investments made through ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF).
- Acquired 387,000 shares of BitMine and 144,000 shares of Bullish.
- ARKK purchased 257,108 BitMine shares and 81,811 Bullish shares.
- BitMine is the largest treasury firm holding 1.87 million ETH worth over $8 billion; shares dropped 0.3% on Friday.
- Bullish went public in August with a $1.1 billion IPO; shares gained 6% on Friday but are down 1.5% in after-hours trading.
ARK also reduced positions in DraftKings, Roku, Roblox, and Teradyne.