Cathie Woods' Ark Invest increases stake in crypto-related stocks BitMine Immersion & Bullish

[ETF - Exchange Traded Funds]
Torsten Asmus

Cathie Wood's ARK Invest increased investment in BitMine Immersion Technologies (NYSE:BMNR [https://seekingalpha.com/symbol/BMNR])—a company focused on Ethereum mining and crypto treasury management—and in Bullish (NYSE:BLSH [https://seekingalpha.com/symbol/BLSH]), which operates Bullish Exchange, a digital asset spot and derivatives exchange.

The stakes were acquired across multiple funds, including the ARK Innovation ETF (BATS:ARKK [https://seekingalpha.com/symbol/ARKK]), ARK Next Generation Internet ETF (BATS:ARKW [https://seekingalpha.com/symbol/ARKW]), and ARK Fintech Innovation ETF (BATS:ARKF [https://seekingalpha.com/symbol/ARKF]).

Combined, the three funds added more than 387K shares of BitMine Immersion Technologies (NYSE:BMNR [https://seekingalpha.com/symbol/BMNR]) worth ~$16.27M on September 5, bringing total investment in BMNR to $283.57M An aggregate of ~144K Bullish (NYSE:BLSH [https://seekingalpha.com/symbol/BLSH]) shares worth ~$7.5M were bought on the same day.

In contrast, Ark Invest trimmed its positions in DraftKings (NASDAQ:DKNG [https://seekingalpha.com/symbol/DKNG]), Teradyne (NASDAQ:TER [https://seekingalpha.com/symbol/TER]), Roku (NASDAQ:ROKU [https://seekingalpha.com/symbol/ROKU]), Roblox (NYSE:RBLX [https://seekingalpha.com/symbol/RBLX]), and Futu Holdings (NASDAQ:FUTU [https://seekingalpha.com/symbol/FUTU]).

In total, over 122.7K shares of DraftKings (NASDAQ:DKNG [https://seekingalpha.com/symbol/DKNG]) worth ~$5.5M, ~112.5K shares of ROKU (NASDAQ:ROKU [https://seekingalpha.com/symbol/ROKU]) worth ~$10.7M combined from all three funds were sold.

Besides, ~47K shares of Teradyne (NASDAQ:TER [https://seekingalpha.com/symbol/TER]) from ARK Innovation ETF (BATS:ARKK [https://seekingalpha.com/symbol/ARKK]) and ~35K combined shares of Roblox (NYSE:RBLX [https://seekingalpha.com/symbol/RBLX]) from ARK Next Generation Internet ETF (BATS:ARKW [https://seekingalpha.com/symbol/ARKW]), and ARK Fintech Innovation ETF (BATS:ARKF [https://seekingalpha.com/symbol/ARKF]) were disposed.

MORE ON BITMINE IMMERSION TECHNOLOGIES, BULLISH, ETC.

* DraftKings: Profits Came Even Earlier Than I Thought [https://seekingalpha.com/article/4820307-draftkings-profits-came-even-earlier-than-i-thought]
* Roku Setting Up For Major 12-18 Months Ahead [https://seekingalpha.com/article/4819850-roku-stock-setting-up-for-major-12-18-months-ahead]
* DraftKings Inc. (DKNG) Presents At 2025 BofA Gaming, Lodging & Leisure Conference Transcript [https://seekingalpha.com/article/4819652-draftkings-inc-dkng-presents-at-2025-bofa-gaming-lodging-and-leisure-conference-transcript]
* Roblox unveils a new TikTok-like video feed for users [https://seekingalpha.com/news/4492801-roblox-unveils-a-new-tiktok-like-video-feed-for-users]
* Bullish's German unit wins MiCA license for crypto services across EU [https://seekingalpha.com/news/4492765-bullishs-german-unit-wins-mica-license-for-crypto-services-across-eu]