ARK Invest bought $ 15.6 million in shares from Ether Treasury Company Bitmin Immersion Technologies (BMNR) Wednesday.
The placement manager based in Saint Petersburg, Florida, added a total of 339,113 BMNR shares to three of his funds negotiated on the stock market (ETF) – Innovation (Arkk)Next generation Internet (Arkw) and Innovation Fintech (Arkf) – According to an e-mail notification.
Bitmine shares dropped from 7.85% to $ 46.03 on Wednesday.
The company, led by Tom Lee de Fundstrat, is one of the largest business holders of Ether, having bought more than 1.7 million tokens, worth just under 8 billion dollars at current prices.
The Ark Invest, led by Cathie Wood, often takes care of corporate actions when their actions take a blow and unload them when they appreciated a wave to maintain its targeted weighing of different assets in its ETF.
