It is a truth universally acknowledged, that a single woman in possession of a good fortune, must be in want of a husband. However, in the modern world of finance, it seems that a certain investment firm, known for its forward-thinking and bold strategies, must be in want of a bit more crypto.
What to know:
- The estimable Cathie Wood, whose name is synonymous with innovation and daring in the financial sector, has recently seen fit to indulge her tastes in crypto-related securities, purchasing over $23.5 million worth of such delights across three of her esteemed ETFs.
- These acquisitions, detailed in trade filings as transparently as a governess’s diary, comprised 387,000 shares of BitMine and 144,000 shares of Bullish, with the ARK Innovation ETF (ARKK) leading this gallant charge with the most significant contributions.
- This strategic maneuver comes as the discerning Ms. Wood continues to refine her portfolio, much like a lady rearranging her drawing room, by reducing holdings in less fashionable companies such as DraftKings and Roku. 📊💰
Indeed, it seems that the illustrious ARK Invest, under the discerning eye of Ms. Wood, has decided to fortify its position in the crypto realm with a substantial purchase of BitMine Immersion Technologies (BMNR) and the crypto exchange Bullish, the proud parent of CoinDesk, across three of its actively managed ETFs.
Trade disclosures, as reliable as a letter from a trusted friend, reveal that the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF) collectively acquired 387,000 shares of BitMine and 144,000 shares of Bullish, valued at over $23.5 million at the close of Friday’s market. 📈
ARKK, ever the leader, added 257,108 BitMine shares and 81,811 Bullish shares to its collection, while ARKW and ARKF shared the remaining shares, much like sisters dividing a cake at a social gathering.
In addition to these new acquisitions, ARK has also seen fit to trim its stakes in DraftKings, Roku, Roblox, and chipmaker Teradyne, perhaps finding them less engaging than the latest novel from Mr. Dickens. 📚
BitMine, currently the largest holder of ether’s treasury, boasting a staggering 1.87 million ETH worth more than $8 billion, saw its shares decline slightly by 0.3% during Friday’s trading session, followed by an additional 1.17% dip in after-hours trading. One can only speculate on the sentiments of the market, much like the reactions of a ballroom full of young ladies to a handsome stranger. 😏
Bullish, which made its grand entrance into the public sphere in August through a $1.1 billion IPO, after abandoning a previous SPAC plan, saw ARK as a significant buyer on its first day, acquiring shares worth $172 million. The stock enjoyed a 6% increase on Friday, continuing the momentum from its debut, though it has since experienced a modest 1.5% decline in after-hours trading. One might say it’s a tale of two markets, each with its own narrative and charm. 🌟
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2025-09-06 22:15