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09/10 04:09

Cathie Wood Dumps Robinhood for BMNR Stock As ARK

Cathie Wood Dumps Robinhood for BMNR Stock As ARK Invest Adjusts Holdings
Cathie Wood’s ARK Invest doubled down on BMNR stock with a $4.3M buy, while trimming Robinhood shares amid HOOD’s S&P 500 surge.
est ramps up Ethereum bet through BMNR as BitMine expands its ETH holdings to over 2M, the largest corporate stash.
Highlights

Cathie Wood’s ARK Invest purchased 101,950 BMNR shares worth $4.3M, boosting exposure to Ethereum-focused BitMine.
BMNR stock gained over 4% to close at $43.79, with after-hours gains continuing.
ARK Invest reduced its Robinhood stake, selling 43,728 shares worth $5.1M, even as HOOD surged 16% on S&P 500 inclusion news.
Cathie Wood’s ARK Invest has made a notable shift in its portfolio. The company trimmed its stake in Robinhood’s stock while doubling down on Tom Lee’s BMNR.

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Cathie Wood’s ARK Invest Ramps Up BMNR Exposure
According to ARK Invest’s September 8 daily trade disclosure, three of its ETFs collectively purchased 101,950 BMNR stock worth roughly $4.3 million. This continues a pattern of aggressive buying, following similar acquisitions in recent weeks.

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