ARK Invest tops up BitMine and Bullish stocks with fresh $23.5M buy

ARK Invest, led by Cathie Wood, purchased more stocks from BitMine Immersion Technologies and crypto exchange Bullish, worth a total of $23.5 ￰0￱ company disclosed the new stock acquisitions on Friday through its latest trade ￰1￱ Invest bought 387,000 BitMine (BMNR) stocks worth $16 ￰2￱ also acquired 144,000 shares from Bullish (BLSH) valued at $7.5 million. Together, these stocks were distributed across three ETFs: the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF). BitMine ( BMNR ) shares were divided across the ￰3￱ held the lion’s share with 257,108 shares, while ARKW and ARKF received 83,082 and 47,135 shares, ￰4￱ (BLSH) stocks were also distributed in a similar ￰5￱ once again took the largest portion with 81,811 shares, whereas ARKW and ARKF added 39,597 and 22,498 shares, ￰6￱ Invest is heavily committed to BitMine stakes In late July, ARK made the first large-scale acquisition of BMNR shares valued at $174 ￰7￱ August, the company purchased BMNR shares ￰8￱ poured $17 million for about 410,000 shares and $15.6 million for 339,113 BMNR ￰9￱ is widening its exposure to Ethereum through its growing stake in ￰10￱ has been on an Ethereum buying ￰11￱ September 4, the company purchased 80,000 ETH worth $358 million from Galaxy Digital and ￰12￱ data shows that BitMine holds 1.86 million ETH, which is valued at $8.02 ￰13￱ equates to 1.547% of the total Ethereum in ￰14￱ has more than double SharpLink Gaming’s ETH holdings.

BitMine’s stock, BMNR, reached an all-time high of $135 on July ￰15￱ stock has dropped significantly ever since and was trading at $42.04 during the last trading ￰16￱ the massive drop, BitMine has recorded year-to-date (YTD) returns of 479.86% according to Yahoo Finance . Bullish’s stock, BLSH, started trading on the New York Stock Exchange (NYSE) on August ￰17￱ company had a successful IPO, selling 30 million shares and raising around $1.1 ￰18￱ stock was trading at $52.35 during the last trading session, up by 3.34%. Bullish is the owner of CoinDesk and operates a global crypto ￰19￱ has regulated companies in many jurisdictions, including the UK, Hong Kong, Gibraltar, and ￰20￱ BitMine and Bullish, Ark Invest has exposure to the crypto space through investments in firms like Robinhood, Coinbase , and Block (formerly Square).

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