Cathie Wood Pivots: Sells Robinhood High, Doubles Down On Bitmine Immersion Amid Eightco Buzz
On Monday, Cathie Wood-led Ark Invest executed significant trades involving Bitmine Immersion Technologies Inc (NYSE:BMNR) and Robinhood Markets Inc (NASDAQ:HOOD).
The Bitmine Immersion Trade
Ark Invest made substantial purchases of Bitmine Immersion shares across multiple ETFs. The Ark Fintech Innovation ETF (BATS:ARKF) fund acquired 12,360 shares, while the ARK Innovation ETF (BATS:ARKK) fund added 67,700 shares, and the ARK Next Generation Internet ETF (BATS:ARKW) purchased 21,890 shares. With BMNR closing at $43.79, the total value of these acquisitions reached approximately $4.5 million.
Bitmine Immersion Technologies has been in the spotlight due to its strategic moves in the cryptocurrency sector. On Monday, it was reported that Bitmine supported Dan Ives-backed Eightco Holdings Inc. (NASDAQ:
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