ARK Invest Increases Exposure With $15.3M Purchase in Ether-Focused Firm BitMine Immersion

ARK Invest Adds $15.3M to BitMine Immersion Holdings Despite Stock Decline

Cathie Wood’s ARK Invest continued to boost its exposure to BitMine Immersion Technologies (BMNR), purchasing 477,498 shares valued at $15.3 million on Tuesday across three of its exchange-traded funds.

The allocation was spread across ARK Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF) ETFs, according to a daily trade disclosure.

This marks the second consecutive day of accumulation following Monday’s purchase of 529,366 BMNR shares, underscoring ARK’s conviction in BitMine’s ether-focused treasury strategy.

Despite the added exposure, BMNR shares fell another 8.9% on Tuesday, closing at $32. The stock has been under pressure since reaching a high of $135 earlier in July.