ARK Invest Trims Ethereum Exposure via BMNR on Ethereum's 11th Anniversary
On July 30, ARK Invest sold 33,560 shares of Bitmine Immersion Technologies (BMNR), an Ether treasury company chaired by Tom Lee. The sale amounted to $606,764 and marked a reduction in Ethereum exposure as the network celebrated its 11th anniversary on July 30, 2015. Ethereum has declined 37% this year but gained 16% over the past month. BMNR shares have also fallen 38% annually yet rose by 25% in a month at $16.78 per share as of press time. ARK Invest previously described Bitmine's strategy as an 'exponential opportunity' for 2026. On the same day, ARK sold shares worth $287,909 in Bullish (BLSH), a crypto exchange backed by Peter Thiel and down 44% this year. The firm also bought Meta Platforms (META) stock after its Q2 earnings report missed EPS estimates.
Topics: ARK Invest Bitmine Immersion Technologies (BMNR) Cathie Wood Ethereum (ETH) Portfolio Management