Ark Invest buys BitMine, sells Robinhood in crypto shift

Cathie Wood’s crypto strategy: Ark Invest Buys BitMine in Three ETFs

Ark Invest buys BitMine : Wood’s firm adds to crypto bets while trimming Robinhood 

Cathie Wood’s ARK Invest quietly boosted its exposure to BitMine Immersion Technologies on Monday, buying a total of 101,950 shares across three flagship ETFs. ARK’s Innovation ETF (ARKK) picked up 67,700 shares, the Next Generation Internet ETF (ARKW) added 21,890 shares, and the Fintech Innovation ETF (ARKF) bought 12,360 shares. At Monday’s close, BMNR traded around $43.79, making the total value of those buys roughly $4.4–$4.5 million.

Source : X 

Why is BitMine gaining attention 

The firm has been in the news lately for its aggressive crypto-treasury strategy. The company has been building a very large Ethereum position and has moved from being a mining-focused firm to one with a sizable ETH treasury. The investment also highlighted on Tom Lee Tracker social media profile. 

Source : X 

That shift and Tom Lee’s recent strategic investments in other firms pursuing crypto treasury plays appears to be one reason the firm increased its stake. Recent reports show the company sitting among the largest corporate holders of ETH, a fact that has pushed investor interest in BMNR.

The Robinhood trim Why Now?

At the same time ARK was buying BMNR, the firm trimmed some Robinhood Markets (HOOD) holdings. ARKW sold 43,728 shares of Robinhood, a trade that was valued at roughly $5.1 million at Monday’s close as Robinhood’s stock jumped after news it will be added to the S&P 500. 

Source : Yahoo Finance

Currently company stock is trading at $117 with 16% high.  The S&P inclusion caused a big pop in HOOD shares and may have created an opportunistic window for ARK to realize gains or rebalance exposures.

Eightco and Worldcoin connection 

Part of the recent spotlight on BMNR comes from its strategic move into Eightco Holdings (OCTO), which announced a plan to adopt Worldcoin (WLD) as a treasury asset.

Source : X 

Its committed capital to Eightco’s private placement helping fuel a high-profile push into Worldcoin-related treasury strategy. Alongside BitMine purchased the share of $OCTO as a part of its Moonshot Strategy. 

That news sent ripples through small-cap crypto-linked stocks and likely contributed to the narrative that professional investors are hunting corporate exposure to ETH and other crypto strategies. The move represents why Ark Invest buys BitMine shares.

What this means for Crypto investors 

The trades show ARK is extending its crypto-equity bets beyond exchanges and infrastructure into companies that hold digital assets on their balance sheets. Purchasing BitMine and selling Robinhood indicates a choice to rebalance away from a retail brokerage that just saw an intraday rise and to overweight pure-play ETH treasury exposure (via BMNR). Investors who follow Cathie Wood's news frequently take them as an indication of market exposure and an ongoing focus on next-generation financial bets and cryptocurrency.