“ARK Invest Adds $23.5M in BitMine and Bullish Stakes Through Core ETFs”

Cathie Wood’s ARK Invest increased its exposure to crypto-related equities on Friday, purchasing more than $23.5 million in shares of BitMine Immersion Technologies (BMNR) and crypto exchange Bullish, the parent company of CoinDesk. The buys were made across three of ARK’s actively managed ETFs.

Trade disclosures show the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF) collectively acquired 387,000 BitMine shares and 144,000 Bullish shares, representing over $23.5 million at Friday’s closing prices. ARKK led the purchases, picking up 257,108 BitMine shares and 81,811 Bullish shares, with ARKW and ARKF splitting the remainder.

At the same time, ARK trimmed positions in DraftKings, Roku, Roblox, and semiconductor firm Teradyne.

BitMine, the largest ETH treasury firm, holds 1.87 million ETH valued at more than $8 billion. Its shares fell 0.3% during Friday’s session and an additional 1.17% in after-hours trading.

Bullish went public in August via a $1.1 billion IPO after abandoning a prior SPAC plan, with ARK as a significant buyer on day one, purchasing $172 million worth of shares. The stock rose 6% on Friday but slipped 1.5% in after-hours trading, continuing to build on momentum from its debut.

  • Related Posts

    Bitcoin’s downside may be limited if gold comparison signals a bottom, analyst notes

    Bitcoin’s correction could extend into late 2026 in dollar terms, but its valuation against gold suggests the market may be closer to a turning point, according to research from Mercado…

    Continue reading
    SpaceX’s once-$780M bitcoin treasury now valued near $545M as IPO filing looms

    SpaceX holds roughly 8,285 bitcoin in custody with Coinbase Prime, a position now worth about $545 million after losing approximately $235 million in value over the past three months. For…

    Continue reading