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.
About The Author
More Stories
Bitcoin Shows 8 of 12 Capitulation Signals, but VanEck Says Bottom Is Still Ahead
Bitcoin Holds Six-Week Range as Global Bond Yields Reach Multi-Decade Highs
OpenAI Falls Behind Anthropic as Losses Mount and Frontier Training Paused