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Cathie Wood's Ark Invest Buys BitMine Ethereum Treasury Shares After Cutting Bitcoin Price Target
Yahoo Finance·2025-11-08 01:40

Ark Invest, the investment firm run by noted technology investor Cathie Wood, added 240,507 shares—around 9.2millionworthofEthereumtreasuryfirmBitMineImmersionTechnologies(BMNR)viathreeofitsactivelymanagedETFsonThursday. ThefirmslatestacquisitioncomesamidaslideinBMNRsharesasEthereumcontinuestofallfromitsrecentlysetalltimehigh.SharesofBMNRareup29.2 million worth—of Ethereum treasury firm BitMine Immersion Technologies (BMNR) via three of its actively managed ETFs on Thursday.  The firm’s latest acquisition comes amid a slide in BMNR shares as Ethereum continues to fall from its recently set all-time high. Shares of BMNR are up 2% on Friday, now changing hands above 38 as ETH trades at $3,375.  Collectively, Ark’s ARKK, ARKF, and ARKW ETFs no ...