Ark Invest bought $ 18.6 million in shares in the Bitmin Immersion Technologies immersion company (BMNR).
Cathie Wood investment company added a total of 529,366 BMNR shares to its innovation (ARKK) and Internet stock market funds (ETF) on the next generations (ETF), according to notification by e-mail.
The BMNR fell by more than 11.8% to $ 35.11 and has now been down around 74% since it increased to $ 135 at the start of the month.
Bitmin has positioned itself as one of the largest ether corporate accumulators in recent months, almorously amazing 300,000 ETH worth $ 1 billion.
Many companies have adopted a strategy to build an Ethereum treasure, copies the game book of the strategy of Michael Saylor (MSTR) with Bitcoin.
Among other factors, this helped trigger an escape from the ETH price, which won around 57% in July at almost $ 3,900, according to Coindesk data.
ARK also sold a little less than $ 7 million in Coinbase (Coin) and $ 15 million shares from Jack Dorsey Block Fintech (XYZ), on Monday’s fence prices.
