ARK Invest buys Coinbase, Bullish, Bitmine shares as crypto stocks slide
ARK Invest added a further $25.4 million of crypto stocks on Wednesday as the shares slid along with the price of major cryptocurrencies.
Cathie Wood’s investment management firm bought 360,232 shares in ether treasury company Bitmine Immersion Technologies (BMNR), worth $10.6 million at the close. BMNR fell over 6.5% to $29.32 on Wednesday.
ARK also added $8.85 million worth of shares of crypto exchange Bullish (BLSH) and $5.91 million worth of Coinbase (COIN). Bullish fell 1.93% to $42.15 and COIN lost 8.6% to $244.19.
While the crypto market saw a brief rally during the U.S. morning, with bitcoin spiking to nearly $90,000, the gains were short-lived and the largest cryptocurrency subsequently fell to a low…
