Cathie Wood’s Ark Invest has made a significant move by acquiring over 4.4 million shares of Bitmine Immersion Technologies (BMNR), a company focused on Ethereum treasury management and led by Tom Lee, the founder and CIO of Fundstrat.
This acquisition was disclosed in a trade report dated July 21 and was distributed across several of Ark’s exchange-traded funds (ETFs).
The flagship Ark Innovation ETF (ARKK) received the largest portion, around 2.9 million shares, while the Ark Next Generation Internet ETF (ARKW) and the ARK Fintech Innovation ETF (ARKF) also received allocations.
In conjunction with this purchase, Ark Invest sold 218,986 shares of Coinbase, which were valued at over $90 million.
