ARK Invest scoops up Coinbase, BitMine shares amid stock dips

Key Points

1. ARK Invest bought $30 million worth of Coinbase shares (94,678 shares) across three of its funds as Coinbase stock dropped 16.7%.

2. Coinbase's stock hit an intraday low of $310.55, significantly below its 52-week high of $444.64.

3. ARK Invest also acquired $17 million worth of BitMine Immersion Technologies shares (540,712 shares) as BMNR stock fell 8.55%.

4. BitMine is noted as the largest Ether treasury firm with 625,000 Ether, followed by SharpLink Gaming with 438,200 ETH.

5. ARK Invest had previously sold 18,204 Coinbase shares worth nearly $7 million before this purchase.