ARK Invest Buys $15.6M Ether Shares – What’s Next? 💸⚡

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What to Know (But Probably Won’t):

  • ARK Invest, the financial equivalent of a kid with a magnifying glass, bought $15.6 million shares of ether treasury company Bitmine Immersion Technologies. 🧙♂️💰
  • The St. Petersburg, Florida-based investment manager added a total of 339,113 BMNR shares to three of its ETFs. (Because who needs stability when you can dance on a tightrope? 🪘)
  • BMNR shares fell 7.85% to $46.03 on Wednesday. (Because nothing says “trust me” like a 7.85% drop. 📉🙃)

ARK Invest, the financial equivalent of a kid with a magnifying glass, bought $15.6 million shares of ether treasury company Bitmine Immersion Technologies (BMNR) on Wednesday. 🧙♂️💰

The St. Petersburg, Florida-based investment manager added a total of 339,113 BMNR shares to three of its exchange-traded funds (ETFs) – Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF) – according to an emailed notification. (Because who needs sleep when you can trade in the dark? 🌑)

Bitmine shares fell 7.85% to $46.03 on Wednesday. (Because nothing says “confidence” like a 7.85% plunge. 📉)

The company, led by Fundstrat’s Tom Lee, is one of the largest corporate holders of ether, having purchased over 1.7 million tokens, worth just under $8 billion at current prices. (Because who needs sleep when you can hoard digital goats? 🐐💸)

The Cathie Wood-led Ark Invest often loads up on shares in companies when their shares take a hit and offloads them when they’ve enjoyed a surge to maintain its targeted weighing of different holdings within its ETFs. (Because nothing says “diversification” like a rollercoaster ride. 🎢📉)

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2025-08-28 13:05