Cathie Wood’s Ark Invest on crypto-related stocks on Friday bought more than $23.5 million Bitmine Immersion Technologies (BMNR) and Crypto Exchange Bullish, the parent company of Coindesk, at three aggressively managed ETFs.
According to trade disclosures, the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) collected and picked up over $23.5 million in 387,000 shares and 144,000 shares of Bitmine and Bullish at the end of Friday.
Arkk led the way, adding 257,108 Bitmine stocks and 81,811 shares, with ARKW and ARKF splitting the rest.
In addition to these additions, ARK trimmed stocks from DraftKings, Roku, Roblox and Chipmaker Teradyne.
Bitmine is currently Ether’s largest treasury company, with 1.87 million ETHs over $8 billion. The stock fell 0.3% in Friday’s trading session and another 1.17% after trading.
Bullish was made public in August through a $1.1 billion IPO after repealing its previous SPAC program. Ark was a major buyer on the first day, photographing $172 million worth of stock. Shares rose 6% on Friday, gaining momentum since their debut, but fell 1.5% after trading.
