ARK Invest Expands Crypto Bet With $15.3M Investment in BitMine Immersion

ARK Invest Adds $15.3M to BitMine Immersion Holdings Despite Share Price Slide

Cathie Wood’s ARK Invest has continued to expand its exposure to BitMine Immersion Technologies (BMNR), purchasing an additional $15.3 million worth of shares on Tuesday.

According to a trade update from the firm, ARK acquired 477,498 BMNR shares across three of its exchange-traded funds: the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF).

The latest buy follows a larger purchase of 529,366 shares on Monday, marking back-to-back days of accumulation despite recent volatility in BMNR stock.

Shares of BitMine Immersion dropped 8.9% on Tuesday, closing at $32, continuing a downward trend after reaching a high of $135 earlier this month. The pullback comes amid broader weakness in crypto-related equities and increased institutional repositioning.