#ARKInvest Buys $20M More #BitMine Shares While Dumping Traditional Crypto Stocks


ARK Invest purchased an additional $20 million worth of BitMine shares on Monday across three ETFs.


This follows last week's massive $182 million BitMine acquisition by #CathieWood's firm.


The company simultaneously sold $15 million in Block Inc. shares and $12.7 million in Robinhood stock.


ARK also offloaded $6.9 million worth of #Coinbase shares during the same trading session.


BitMine's $ETH treasury strategy appears to be driving ARK's interest in the mining company.


The firm announced its $ETH holdings had surpassed $2 billion last Thursday.


BitMine stock fell 11.78% on Monday and dropped another 13.1% in after-hours #trading.

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July 29, 2025 at 12:31 PM
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