ARK Invest has bolstered its investment in crypto-related equities, acquiring over $23.5 million in 387,000 shares of BitMine Immersion Technologies and 144,000 shares of Bullish across three ETFs. This information comes from recent trade filings, showing the ARK Innovation ETF (ARKK) as a major player in the purchases, alongside ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF).

Key Points:

• ARKK led the acquisitions, securing 257,108 shares of BitMine and 81,811 shares of Bullish.
• These purchases are part of ARK’s strategy to adjust its portfolio, which has seen the firm reduce stakes in companies like DraftKings and Roku.
• BitMine is notable for being a significant treasury firm in the ether sphere, holding 1.87 million ETH, valued at over $8 billion.
• Bullish transitioned to public status in August via a $1.1 billion IPO after previously abandoning a SPAC plan, and has experienced substantial stock price movements since its inception.