Cathie Wooden’s ARK Make investments ramped up its publicity to BitMine Immersion Applied sciences on Monday, buying over $20 million value of shares throughout three of its actively managed ETFs.
In accordance with ARK’s day by day buying and selling disclosures, the ARK Innovation ETF (ARKK) acquired 401,318 shares of BitMine, whereas ARKW and ARKF picked up 128,048 and 43,487 shares, respectively. In complete, ARK Make investments added 572,853 BitMine shares.
The shopping for spree comes on the heels of BitMine’s announcement that its Ether (ETH) holdings had exceeded $2 billion in simply 16 days. Strategic Ether Reserves reveals BitMine as the most important Ether treasury agency with 566,800 ETH, adopted by SharpLink Gaming with 360,800 ETH.
The transfer additionally follows a $182 million BitMine purchase final week. Nevertheless, regardless of ARK’s pivot into the ETH treasury firm, its inventory has been struggling. BitMine’s inventory plunged practically 27% on Monday earlier than paring losses to shut down 11.78%.
Associated: Cathie Wooden sells Coinbase, Roblox shares for Tom Lee’s ETH agency
ARK sells Block, Coinbase, Robinhood Shares
ARK additionally trimmed its positions in a number of different crypto-linked shares. The agency bought a complete of 186,417 shares of Block Inc. throughout ARKK, ARKW, and ARKz, value round $15 million.
Robinhood was additionally on the chopping block, with ARKW and ARKF offloading 119,090 shares valued at round $12.7 million. In the meantime, ARKW bought 18,204 shares of Coinbase, value practically $7 million primarily based on Monday’s closing value of $379.49.
Whereas Robinhood shares rose 1.83% to shut at $106.77, Block dipped 3.11%, and Coinbase slid 3.11%.
Associated: Cathie Wooden’s ARK sells $146M value of Circle shares as value surges
ARK names SOL Methods as Solana staking associate
On Monday, ARK Make investments partnered with Canada-based SOL Methods to function the unique staking supplier for its Digital Belongings Revolutions Fund. The fund, which holds a curated basket of cryptocurrencies, will transition its validator operations to SOL Methods’ infrastructure.
SOL Methods CEO Leah Wald stated the agency manages over 3.59 million Solana (SOL) throughout 5 validators, with greater than 5,700 wallets taking part. BitGo, which joined forces with SOL Methods earlier this 12 months, can even assist the partnership.
Journal: TradFi is constructing Ethereum L2s to tokenize trillions in RWAs — Inside story
