ARK Invest Adds $15.3M in BitMine Immersion Shares Despite Ongoing Pullback
Cathie Wood’s ARK Invest has continued to build its position in BitMine Immersion Technologies (BMNR), acquiring an additional $15.3 million worth of shares on Tuesday.
The purchase included 477,498 BMNR shares spread across three of ARK’s actively managed ETFs: ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation (ARKF), according to a firm update.
This marks the second consecutive day of buying activity in BitMine, following a larger accumulation of 529,366 shares on Monday.
Despite the continued investment, BMNR shares extended their recent slide, closing down 8.9% at $32 on Tuesday. The stock has pulled back significantly after peaking at $135 earlier in the month, reflecting broader volatility across the digital asset and crypto-equity space.
