Ark increased BitMine exposure with a $10.56M purchase following a $17M buy earlier in the week
Coinbase, Bullish, and Roblox were added as Ark expanded positions across multiple ETFs
Ark sold Roku, DraftKings, and Shopify while reallocating capital within its portfolio
Cryptoprowl / Cathie Wood-led Ark Invest expanded its exposure to cryptocurrency-linked equities during the latest trading session, adding another $10.56 million worth of shares in BitMine Immersion Technologies (NYSE: $BMNR) while trimming positions in several consumer and technology companies. The trades were disclosed following activity dated December 17 and reflect portfolio adjustments across multiple Ark exchange-traded funds.
Ark Invest purchased $10.56 million in BitMine shares across three ETFs, building on a separate $17 million acquisition completed earlier in the week. The December 17 transactions included 250,029 shares added to the ARK Innovation ETF (ARKK), 72,617 shares to the ARK Next Generation Internet ETF (ARKW), and 37,586 shares to the ARK Fintech Innovation ETF (ARKF).
https://x.com/ArkkDaily/status/2001462143514771964?s=20
BitMine Immersion Technologies operates as an Ethereum (CRYPTO: $ETH) treasury-focused company. At the time of reporting, BitMine shares were trading at $29.32, down 6.59% over the prior 24-hour period. The additional purchases increased Ark’s exposure to the company following Monday’s earlier allocation.
Coinbase, Bullish, and Roblox Added Across Funds
In the same session, Ark added to its holdings in Coinbase Global (NASDAQ: $COIN), acquiring $5.9 million worth of shares. The purchase totaled 24,198 shares, with 16,795 allocated to ARKK, 4,879 to ARKW, and 2,524 to ARKF.
Ark also acquired $8.85 million in Bullish (NYSE: $BLSH) shares, purchasing a combined 209,886 shares across three funds. ARKK accounted for 167,301 shares, while ARKW and ARKF added 28,125 and 14,460 shares, respectively.
Additionally, Ark purchased 1,235,309 pre-reincorporation shares of Roblox Corp, valued at nearly $10.8 million. The shares were distributed across ARKK, ARKW, and ARKF, with ARKK holding the largest portion of the acquisition.
Healthcare Additions and Portfolio Reductions
Beyond technology and crypto-related equities, Ark increased exposure to healthcare stocks. Recursion Pharmaceuticals saw a combined purchase of 2,078,907 shares across ARKK and ARKG, while ARKG also added 35,111 shares of Caris Life Sciences.
On the divestment side, Ark reduced several existing positions. Roku shares totaling 98,223 were sold for approximately $10.9 million across ARKK, ARKW, and ARKF. DraftKings sales reached 310,548 shares valued at $10.7 million, while Shopify holdings were reduced by 65,092 shares for about $10.6 million.
Smaller reductions included Ibotta and Iridium Communications shares. Overall, the trading session showed Ark reallocating capital toward crypto-related equities while scaling back exposure to select consumer and e-commerce companies.
