ARK Invest Acquires $15.6 Million in Bitmine Immersion Technologies Shares
ARK Invest acquired $15.6 million in shares of Bitmine Immersion Technologies (BMNR), totaling 339,113 shares added to three ETFs: Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF).
- Bitmine shares declined by 7.85%, closing at $46.03.
- Bitmine is a major corporate holder of ether, with over 1.7 million tokens valued at nearly $8 billion.
- ARK Invest typically increases holdings after price drops and reduces them following gains to balance ETF weights.