Cathie Wood’s Ark Invest scoops up more BitMine shares at discount
The Block
Ark Invest purchased $10.56 million in BitMine shares, along with Coinbase and Bullish stock, amid a downturn in crypto equities.Summary
Cathie Wood's Ark Invest continued its accumulation of crypto-related equities on Wednesday, purchasing $10.56 million worth of BitMine shares across its ETFs, adding to a $17 million purchase made on Monday. Ark also acquired $5.9 million in Coinbase shares and $8.85 million in Bullish shares. This increased exposure comes as these stocks are trading at a notable discount; for instance, BitMine slid 6.59% on Wednesday. This buying spree reflects Ark Invest's continued bullish outlook on the crypto sector, a sentiment echoed by BitMine Chairman Tom Lee, who anticipates positive regulatory shifts and stronger institutional engagement ahead.
(Source：The Block)