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Shivdeep Dhaliwal

Cathie Wood's $15M Crypto Bet: Sells Bitcoin King Block, Doubles Down On Ethereum Giant Bitmine Immersion

Cathie Wood BitMine BitMine Immersion Block ARK Ark Invest Bitcoin Ethereum BitMine Immersion Technologies Inc Block, Inc.

Stuttgart,,Germany,-,03-11-2021:,Person,Holding,Cellphone,With,Company,Logo

On Tuesday, Cathie Wood-led Ark Invest executed significant trades, focusing on Bitmine Immersion Technologies Inc. (NYSE:BMNR) and Block Inc. (NYSE:XYZ). These trades reflect Ark’s strategic positioning in the market amidst evolving financial landscapes.

The Bitmine Trade saw Ark Invest making substantial investments in Bitmine Immersion across multiple ETFs, including Ark Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS:ARKK), and ARK Next Generation Internet ETF (BATS:ARKW). This move comes after Bitmine’s recent announcement regarding its Ethereum (CRYPTO: ETH) holdings, which have now surpassed $2 billion.

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