ARK Invest Boosts Crypto Exposure with BitMine and Solana ETF Purchases

Cathie Wood's ARK Invest has continued to increase its exposure to crypto-focused investments. On Friday, the firm added shares of BitMine Immersion Technologies (BMNR) and the 3iQ Solana Staking ETF (SOLQ.U) across several of its exchange-traded funds (ETFs). The ARK Innovation ETF (ARKK) acquired 5,264 shares of BitMine Immersion Technologies at a value of approximately $83,100.

This purchase is part of a broader portfolio rebalance that also included increasing exposure to X-Energy while trimming holdings in design software company Figma. Although the BMNR investment is relatively small, it further strengthens ARK Invest's presence in the digital asset sector.

ARK Invest also expanded its position in the 3iQ Solana Staking ETF through two of its funds. The ARK Next Generation Internet ETF (ARKW) purchased 16,917 shares, while the ARK Fintech Innovation ETF (ARKF) added another 11,101 shares.

The purchases came despite the Solana-focused investment product declining 2.12% on Friday, ending the trading session at $6.01 per share. This follows an active week for Cathie Wood's investment firm, which took advantage of broader market weakness to increase positions in several high-growth companies.