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Ark's Cathie Wood invests over $23 million, significantly increasing stakes in BitMine and Bullish.
Led by "Wood Sister" Cathie Wood, ARK Invest (ARK Invest) made significant investments on September 5th, Eastern Time, seizing the opportunity when the stocks of BitMine (BMNR) and Bullish (BLSH) fell. Based on the closing price that day, ARK invested a total of over 23 million dollars.
The three major funds of ARK collectively invested an additional 16.3 million dollars in BitMine.
If we calculate based on the Closing Price of BMNR on September 5 at 42.04 USD, the three funds under ARK spent a total of 16.28 million USD:
ARKK: Purchased 257,108 shares of BMNR, approximately 10.81 million dollars.
ARKW: Buy 83,082 shares of BMNR, approximately 3.49 million USD.
ARKF: Bought 47,135 shares of BMNR, approximately 1.98 million USD.
( BitMine fell nearly 8%, Ark's Cathie Wood increased her investment by 15.6 million dollars.
ARK再砸 753 萬美元買進 Bullish
Ark not only increased its investment in BMNR but also invested in the cryptocurrency exchange Bullish, which focuses on institutional investors and combines the security of DeFi protocols with centralized companies.
If we calculate based on the closing price of 52.35 USD on 9/5, the three funds invested a total of 7.53 million USD to buy BLSH:
ARKK: Purchased 81,811 shares of BLSH, approximately 4.28 million dollars.
ARKW: Bought 39,597 shares of BLSH, approximately 2.07 million dollars.
ARKF: Purchased 22,498 shares of BLSH, approximately 1.18 million USD.
)Bullish IPO successful! ARK enters BLSH with nearly 80 million USD profit(
The prices of the two companies have fluctuated greatly, and their future performance remains to be seen.
BitMine announced its transformation into an Ethereum )ETH( reserve company, and its stock price once surged to 161 dollars. Bullish also saw its stock price soar to 118 dollars on the day of its IPO in August. Now, BitMine's stock price has fallen to 42.04 dollars, while Bullish has even dropped to 47.88 dollars.
It remains to be seen whether there will be new momentum to drive the stock prices of the two companies soaring.
In this article, Ark's Cathie Wood invests over $23 million, significantly increasing her stake in BitMine and Bullish, first appearing in Chain News ABMedia.