
Investment firm ARK Invest, founded by Cathie Wood, has been actively reallocating its holdings amid market ups and downs. Notably, ARK Invest has increased its stakes in Coinbase and BitMine in response to a 16.7% slump in Coinbase shares. The firm purchased over $47 Million worth of each company's shares. Furthermore, amidst this investment surge, ARK offloaded its position in gaming company Roblox. Additionally, it has been actively rebalancing its crypto holdings.
ARK Invest's actions included selling $12 Million worth of Coinbase stock after investing heavily in Ether treasury firm BitMine. Recent reports also indicate that the Michigan pension fund has increased its exposure to Bitcoin through a stake in ARK ETFs. In another move, ARK Invest increased its stake in BitMine, while decreasing holdings in Coinbase, Block, and Robinhood. Also, following a Coinbase surge to record highs, the firm sold $8.64 Million of COIN shares. Further actions saw the sale of millions of Coinbase stocks after investing $175 Million in BitMine..
There are speculations about where the ARK 21Shares Bitcoin ETF will be in 5 years, as company's shift and investment strategy evolves. Cathie Wood's decisions to bet on AI stocks, Ethereum ecosystem and Solana staking have kept the market intrigued.
ARK Coin News Analytics from Thu, 24 Apr 2025 07:00:00 GMT to Tue, 05 Aug 2025 21:57:00 GMT - Rating 5 - Innovation 8 - Information 6 - Rumor -5