Overview
- ARK purchased 478,125 Bitmine Immersion Technologies shares on Dec. 17, valued at about $14 million, lifting its weeklong Bitmine buys to more than $27 million.
- The firm added 209,886 Bullish shares worth roughly $9 million and bought 24,198 Coinbase shares for about $5.9 million across its ARKK, ARKW and ARKF ETFs.
- Portfolio sales included 98,223 Roku shares for about $10.9 million, 310,548 DraftKings shares for about $10.7 million, and 65,302 Shopify shares for about $10.6 million.
- The trades followed a sharp crypto pullback, with Bitcoin near $86,000, Ethereum down over 4%, and more than $530 million liquidated across the market in 24 hours.
- ARK’s thesis centers on crypto infrastructure names, highlighted by Bitmine’s disclosure of 3.97 million ETH holdings—over 3% of supply—and a stated goal to reach 5%.