ARK Invest bought roughly $16 million of BitMine and $7.5 million of Bullish stock across ARKK, ARKW and ARKF, acquiring 387,000+ BitMine shares and 144,000+ Bullish shares to raise its crypto-equity exposure across flagship ETFs.
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ARK purchased 387,325+ BitMine shares and 144,000+ Bullish shares across three ETFs
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The largest buys were by ARKK: 257,108 BitMine and 81,811 Bullish shares
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BitMine added $65M of ETH, pushing its Ether holdings above 1.5% of circulating supply
ARK Invest buys BitMine and Bullish stock: ARK adds $16M in BitMine and $7.5M in Bullish across ETFs — read details and implications for ETH supply and ETF exposure.
ARK Invest bought roughly $16 million in BitMine and $7.5 million in Bullish stock across ARKK, ARKW and ARKF, increasing exposure to crypto equities and reflecting continued institutional interest in exchange and miner-related firms.
Cathie Wood’s ARK Invest continued its targeted crypto-equity allocations, adding shares of BitMine Immersion Technologies and Bullish across its flagship funds. Trade disclosures filed Friday show coordinated purchases across ARK’s Innovation ETF (ARKK), Next Generation Internet ETF (ARKW) and Fintech Innovation ETF (ARKF).
What did ARK Invest buy and in what amounts?
ARK Invest bought more than 387,000 shares of BitMine and about 144,000 shares of Bullish across ARKK, ARKW and ARKF. The combined purchases total approximately $16 million in BitMine stock and $7.5 million in Bullish at recent market prices.
How were the purchases split across ARK ETFs?
ARKK led the allocations with 257,108 BitMine and 81,811 Bullish shares. ARKW added 83,082 BitMine and 39,597 Bullish shares. ARKF contributed 47,135 BitMine and 22,498 Bullish shares. These buys reflect ARK’s ongoing strategy to increase exposure to crypto infrastructure and exchange operators.
Why does this matter for crypto markets and ETH supply?
BitMine’s corporate ETH accumulation and Bullish’s public-market momentum are market signals. BitMine recently purchased $65 million of Ether via six OTC transactions, bringing its stake to more than 1.5% of Ethereum’s circulating supply. Centralized exchange reserves have fallen ~38% since 2022, increasing the impact of institutional accumulation.
What is Bullish and how has its listing performed?
Bullish, the owner of CoinDesk and an operator of a global crypto exchange, completed a traditional IPO after an earlier SPAC plan collapsed. Its IPO session saw a surge of 83.8%, and the company raised roughly $1.1 billion on listing day. Bullish operates regulated entities in multiple jurisdictions, including Hong Kong, Gibraltar, Singapore and the UK.
Plain-text references: CoinDesk owner Bullish; market data from Google Finance and public filings (plain text sources; no external links provided).
Frequently Asked Questions
How much did ARK Invest spend on BitMine and Bullish?
ARK’s disclosed trades amount to about $16 million in BitMine stock and roughly $7.5 million in Bullish stock, based on recent market prices and ETF filings disclosed on Friday.
Does BitMine use leverage to buy ETH?
BitMine bought $65 million of ETH using cash through OTC transactions and did not use leverage, bringing its holdings above 1.5% of circulating Ether supply.
Will ARK’s purchases affect Bullish’s stock performance?
Institutional buys can support price momentum, but stock performance depends on broader market conditions, liquidity and continued investor interest in crypto-exposed equities.
Key Takeaways
- Significant buys: ARK added roughly $16M in BitMine and $7.5M in Bullish stock across ARKK, ARKW, ARKF.
- ETF strategy: ARKK led allocations, showing ARK’s preference for concentrated exposure within flagship funds.
- Market impact: BitMine’s $65M ETH buy and falling exchange reserves may tighten ETH supply, reinforcing institutional influence.
Conclusion
The latest filings show ARK Invest continuing to expand its crypto-equity footprint by buying BitMine and Bullish across multiple ETFs. These moves highlight ongoing institutional demand for miner and exchange exposure and coincide with meaningful Ether accumulation by corporate holders. Watch ETF disclosures and on-chain metrics for further signals; COINOTAG will provide updates as filings and market data evolve.
