ARK Invest Boosts Crypto Exposure with BitMine and Solana Staking ETF Buys

Cathie Wood's ARK Invest has increased its exposure to crypto-related assets by purchasing shares of BitMine Immersion Technologies and the 3iQ Solana Staking ETF. The company's largest ETF, ARK Innovation (ARKK), bought approximately 5,264 shares of BitMine for about $83,100 at a price of $15.79 per share.

This acquisition accounted for roughly 0.0014% of the holdings in ARKK's portfolio and is part of other changes to the fund's portfolio, which included buying more of X-Energy and selling off some of its holdings in Figma. Although this represents a small slice of ARK's total portfolio, it is another boost to the firm's presence in digital asset businesses.

Cathie Wood's ARK also raised its holding in the 3iQ Solana Staking ETF (SOLQ.U) via two of its funds. The ARK Next Generation Internet ETF (ARKW) bought approximately 16,917 shares, and the ARK Fintech Innovation ETF (ARKF) purchased around 11,101 shares.