ARK Invest buys $251K of BitMine, Solana ETF
Cathie Woods ARK Invest has added about $251,500 in BitMine Immersion Technologies shares and the 3iQ Solana Staking ETF across three of its exchange-traded funds. SummaryARKK bought 5,264 BitMine sharesworth about $83,100 at Fridays $15.79 close.ARKW and ARKF added 28,018 SOLQ.U sharesvalued at roughly $168,400 combined.The 3iQ Solana Staking ETF fell 2.12% to $6.01during Fridays session. ARK Invest adds BitMine exposure ARK Invests Friday trade disclosures show its flagship ARK Innovation ETF, or ARKK, purchased 5,264 shares of BitMine Immersion Technologies (BMNR). Based on BMNR‘s $15.79 closing price, the purchase was worth approximately $83,100. The position represented roughly 0.0014% of ARKK’s portfolio, making it a small allocation within the fund but another addition to ARKs crypto-linked investment exposure. BitMine has positioned itself as an Ethereum treasury company, placing ARKs purchase alongside its wider investments in publicly traded firms connected to digital assets. The transaction was part of a broader ARKK rebalance that also included additional purchases of X-Energy shares and sales of Figma stock. ARK also sold shares of Strata Critical Medical, ATAI Life Sciences and Elbit Systems across its funds, according to the disclosures. 3iQ Solana Staking ETF receives $168K allocation ARKs ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) also increased their