Ark Invest bought $ 15.6 million shares of Ether Treasury Company Bitmine Immersion Technologies (BMNR) Wednesday.
St. Petersburg, Florida-based investment manager added a total of 339,113 BMNR shares to three of its stock exchangeed funds (ETFS) – Innovation (ARKK)Next generation internet (Arkw) and fintech innovation (ARKF) -According to an E email message.
Bitmine shares fell 7.85% to $ 46.03 Wednesday.
The company, led by Fundstrat’s Tom Lee, is one of the largest business owners of Ether, after buying over 1.7 million tokens worth just under $ 8 billion at current prices.
The Cathie Wood-led sheet investment is often loaded on shares in companies when their shares get a hit and sacrifice them when they have had an increase in maintaining their targeted weighing of various holdings within its ETFs.
