Express

ARK Invest Increases Holdings in BitMine Stock by $18.6 Million and Reduces Other Crypto Concept Stocks

Summary: According to CoinDesk, ARK Invest invested $18.6 million on July 29 to purchase 529,000 shares of BitMine stock, which were allocated to its Innovation ETF (ARKK) and Next Generation Internet ETF (ARKW) funds. BitMine currently holds over 300,000 Ether coins, with a total value exceeding $1 billion, making it one of the largest enterprise-level Ether ...

According to CoinDesk, ARK Invest invested $18.6 million on July 29 to purchase 529,000 shares of BitMine stock, which were allocated to its Innovation ETF (ARKK) and Next Generation Internet ETF (ARKW) funds. BitMine currently holds over 300,000 Ether coins, with a total value exceeding $1 billion, making it one of the largest enterprise-level Ether holders. On the same day, ARK Invest also sold approximately $7 million worth of Coinbase stock and $15 million worth of Block company stock.

Last Update:

Tags:
Link: ARK Invest Increases Holdings in BitMine Stock by $18.6 Million and Reduces Other Crypto Concept Stocks [Copy]

Last: NASDAQ-listed company Bakkt announces plans for $75 million IPO to invest in Bitcoin and other digital assets

Next: NASDAQ-listed company Marti Technologies initiates crypto treasury strategy, plans to allocate 20% cash reserves to hold BTC

The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 4 hours ago

Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 4 days ago

BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 7 days ago

The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 11 days ago

Google Steps Into Blockchain: A New Front in the “Ledger Wars” 13 days ago