Cathie Wood Pivots: Sells Robinhood High, Doubles Down On Bitmine Immersion Amid Eightco Buzz 🟠
On Monday, Cathie Wood-led Ark Invest executed significant trades involving Bitmine Immersion Technologies and Robinhood Markets.
Ark Invest made substantial purchases of Bitmine Immersion shares across multiple ETFs. The Ark Fintech Innovation ETF fund acquired 12,360 shares, while the ARK Innovation ETF fund added 67,700 shares, and the ARK Next Generation Internet ETF purchased 21,890 shares. With BMNR closing at $43.79, the total value of these acquisitions reached approximately $4.5 million.
In a notable move, Ark Invest's ARKW fund sold 43,728 shares of Robinhood. With Robinhood's stock closing at $117.28, this sale was valued at approximately $5.1 million. The decision to sell comes as Robinhood experiences significant market activity.
Robinhood's shares surged by 15.8% on Monday, following its inclusion in the S&P 500, replacing Caesars Entertainment Inc.
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