Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Cathie Wood Goes On A $20M Bitmine Immersion Bargain Hunt As Ark Trims Robinhood And Palantir Stakes

Germany,,Mannheim,January,29.,2025,,Sign,Or,Lettering,Of,Ark

On Monday, Cathie Wood-led Ark Invest made significant trades, including a notable purchase of Bitmine Immersion Technologies Inc. (BMNR) shares. The investment firm also increased its holdings in Alphabet Inc. (NASDAQ:GOOG) and NVIDIA Corp (NASDAQ:NVDA), while reducing its stake in Robinhood Markets Inc. (NASDAQ:HOOD) and Palantir Technologies Inc (NASDAQ:PLTR).

The Bitmine Trade Ark Invest made a substantial investment in Bitmine Immersion through Ark Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS:ARKK), and ARK Next Generation Internet ETF (BATS:ARKW). This strategic move follows Bitmine’s announcement that its Ethereum (CRYPTO: ETH) holdings have exceeded $2 billion.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.