ARK Invest Adds $15.6M in BitMine Shares to Its Growing Crypto Portfolio
TLDR
- ARK Invest now holds more than $300M worth of BitMine shares across its three funds.
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BitMine’s ETH holdings have grown to $7.5 billion, influencing ARK’s investment strategy.
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Despite a market dip, BitMine shares are up 490% year-to-date.
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ARK Invest’s stock purchases include notable crypto firms like Coinbase, Robinhood, and Bullish.
Cathie Wood’s ARK Invest continues to make strategic investments in cryptocurrency-related equities. This week, the firm announced the purchase of an additional $15.6 million worth of BitMine shares, a company heavily involved in Ethereum-related assets. The investment brings ARK’s total stake in BitMine to over $300 million. This marks a substantial commitment to the Ethereum…
