ARK Invest Buys Another $15.3M Worth of Ether Strategy Firm BitMine Immersion

Markets, ARK Invest, Bitmine, News Cathie Wood’s investment management firm added 477,498 BMNR shares across its Innovation and Next Generations Internet ETFs 

ARK Invest increased its investment in ether treasury company BitMine Immersion Technologies for a second straight day, buying $15.3 million worth of the shares on Tuesday.

Cathie Wood’s investment management firm added 477,498 BMNR shares across its Innovation (ARKK), Next Generations Internet (ARKW) and Fintech Innovation (ARKF) exchange-traded funds (ETFs), according to an emailed update.

The purchase followed a larger one of 529,366 shares the previous day.

BMNR shares dropped further on Tuesday, closing 8.9% lower at $32, extending their slide following a climb to $135 at the start of this month.

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