Ark Invest Expands Holdings in BitMine Stocks

Ark Invest, managed by Cathie Wood, has taken a significant step by increasing its investment in BitMine (BMNR) stocks, according to PANews. Tom Lee, the chairman of BitMine’s board, revealed on X (formerly Twitter) that they acquired 388,045 shares of BMNR stock on September 5th. This expansion further bolsters their holdings, which now total $267 million across three of their ETFs: ARKK ($178.6 million), ARKF ($31 million), and ARKW ($57.7 million).