“$23.5M Move: ARK Invest Strengthens Positions in BitMine and Key ETFs”

Cathie Wood’s ARK Invest boosted its crypto-related equity holdings on Friday, acquiring over $23.5 million in BitMine Immersion Technologies (BMNR) and crypto exchange Bullish, according to recent trade filings.

The purchases were made across ARK’s actively managed ETFs: ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation (ARKF). Collectively, the funds bought 387,000 BitMine shares and 144,000 Bullish shares, with ARKK leading the way by adding 257,108 BitMine shares and 81,811 Bullish shares. ARKW and ARKF accounted for the remaining shares.

Alongside these buys, ARK reduced stakes in DraftKings, Roku, Roblox, and chipmaker Teradyne.

BitMine, holding 1.87 million ETH worth over $8 billion, saw its shares decline 0.3% in regular trading and 1.17% after hours. Bullish, which went public in August via a $1.1 billion IPO after canceling a previous SPAC plan, gained 6% on Friday before dropping 1.5% in after-hours trading. ARK was a major buyer on Bullish’s debut, snapping up $172 million in shares.

These moves underscore ARK Invest’s continued focus on crypto-linked equities, balancing new acquisitions with selective portfolio trims.