Ark Invest bought shares worth $ 18.6 million in the signing of the Treasury of Ether, Bitmine Immersion Technologies (BMNR).
Cathie Wood’s investment firm added a total of 529,366 BMNR shares to its innovation (ARKK) and the funds quoted in the Internet (ETF) of the Internet of Next Generations and Next Generations, according to an email notification.
BMNR fell more than 11.8% to $ 35.11 and has now dropped 74% since it increased to $ 135 earlier this month.
Bitmine has positioned itself as one of Ether’s largest corporate accumulators in recent months, accumulating more than 300,000 ETH worth more than $ 1 billion.
Numerous companies have adopted a strategy of building an Ethereum treasure, copying the play book of Michael Saylor’s strategy (Mstr) with Bitcoin.
Among other factors, this has helped light a break in the price of ETH, which has won around 57% in July to almost $ 3,900, according to Coindesk data.
Ark also sold just under $ 7 million of Coinbase (COIN) and $ 15 million in the Fintech company of Jack DORSEY (XYZ), according to Monday’s closing prices.
