It’s Raining Crypto! ARK Invest Goes Wild with $23.5M Shopping Spree! 💸💥

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Oh my goodness, hold onto your hats and your wallets! Cathie Wood’s ARK Invest is back at it again, and this time it’s like a kid in a candy store with some serious pocket money-picking up more shares of BitMine Immersion Technologies and, wait for it… Bullish! Yes, it’s a full-blown shopping spree, and I’m absolutely here for it! 🛒💁‍♀️

According to the oh-so-reliable trade disclosures from last Friday (the day when madness took over the stock market), ARK’s Innovation ETF (ARKK), Next Generation Internet ETF (ARKW), and Fintech Innovation ETF (ARKF) collectively decided to get their share of the crypto pie by snagging over 387,000 shares of BitMine and 144,000 shares of Bullish. I mean, who needs a night out when you can play the stock market? 🍷💃

Now, based on recent market prices (which, let me tell you, change faster than my mood when my favorite TV show gets cancelled), these purchases added up to a whopping $16 million in BitMine and $7.5 million in Bullish stock. If only I had that kind of cash flow! Maybe I should start my own ETF? The “Desperate Housewives of Finance” could be a hit! 📈😄

Let’s break it down further because, of course, we need numbers-it’s what keeps these finance nerds buzzing! The biggest BitMine buy came from ARKK with a staggering 257,108 shares, followed closely by ARKW with 83,082 and ARKF with 47,135. For Bullish, ARKK led once again with 81,811 shares, while ARKW and ARKF played catch-up with 39,597 and 22,498, respectively. It’s like a finance game of tag, only much less fun! 🙄🔢

ARK continues to buy Bullish

And just when you thought they were done, ARK pulled another move out of their magic hat! This latest round of allocations builds on ARK’s August escapade-when the firm bought 2.53 million Bullish shares like they were collecting Pokémon cards! That totaled about $172 million across all three ETFs. 🐱‍👤💖

But the Bullish bandwagon doesn’t stop there! Reportedly, Bullish’s stock skyrocketed 83.8% during its IPO session. I mean, if that doesn’t scream “one of the year’s most-watched public listings,” I don’t know what does! High fives all around! 🙌🚀

Just when you thought it couldn’t get crazier, Bullish-who, fun fact, is the proud parent of CoinDesk and runs a global crypto exchange-went public via a traditional IPO after their 2021 SPAC deal tanked. But hey, no hard feelings, right? At least they run regulated entities across Hong Kong, Gibraltar, Singapore, the UK, and other fabulous places! 🌍😌

BitMine adds $65M in ETH

Oh, wait, we haven’t even talked about BitMine yet! On Thursday, they decided that $65 million worth of ETH was simply too good to pass up, and they snagged it through six OTC transactions with Galaxy Digital. That pushes BitMine’s holdings to more than 1.5% of Ethereum’s circulating supply, all bought with cash and no levers to pull-like a true financial adult! 🤑👌

This buy comes at a time when centralized exchanges are facing a pretty intense Ether supply squeeze. With reserves down 38% since 2022 (because who doesn’t want to hoard cryptocurrencies like toilet paper during a pandemic?), it seems institutional accumulation and ETF activity are on the rise. Who knew crypto could be this much like high school drama?! 🍿📉

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2025-09-06 16:13