Oh, Cathie Wood. She’s like that friend who walks into a room and says, “I’ve got this *great* idea,” while everyone else just nods politely and hopes it doesn’t involve glow sticks or alpaca farming. This time, her ARK Invest decided to double down on Ethereum by snapping up $15.6 million worth of Bitmine Immersion Technologies shares. You know, because why not? 😎
“Here’s every move Cathie Wood and Ark Invest made in the stock market today 8/27”
– Ark Invest Tracker (@ArkkDaily) August 28, 2025
Let’s break it down-or rather, let ARK do the heavy lifting for us. Their shopping spree spread across three funds: ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). These funds collectively gobbled up 339,113 shares like they were last season’s discounted socks at a fire sale. Now, their total investment in Bitmine sits above $300 million. That’s nearly half the size of ARK’s stake in Coinbase (COIN), which is currently lounging around at $676 million after shedding 5,721 shares last week. Yes, Cathie plays chess while the rest of us are stuck arguing over checkers.
And oh, what faith she has! It all started back on July 21 when ARK went full retail apocalypse mode, spending $182 million in one day. Then came another $17 million on August 2. Clearly, Cathie isn’t just buying stocks; she’s building an empire-or maybe a very expensive Lego castle. Either way, Bitmine holds $7.5 billion in Ethereum (ETH) on its balance sheet, so perhaps there’s method to this madness.
Tom Lee, co-founder of Fundstrat Global Advisors, seems equally smitten with Ethereum’s future. He’s been waving pom-poms for ETH longer than most people have been alive. Analysts suggest this reflects a broader trend where capital is slowly pivoting from Bitcoin (BTC) to Ethereum (ETH). But here’s the kicker: despite Cathie’s enthusiasm, the market responded as if someone had shown up to a funeral wearing neon spandex. Bitmine shares dropped nearly 8%, closing at $46.03, and slid further to $45.01 after-hours. Still, year-to-date gains remain impressive at 530%. So, you know, swings and roundabouts. 🎢
What Else Did ARK Do? Oh, Plenty! 🔄
Beyond Bitmine, ARK was busy rearranging its portfolio like a kid cleaning their room but secretly hiding toys under the bed. They sold $12.7 million of DraftKings (DKNG), unloading 266,072 shares across three ETFs. Oddly enough, this move came right after DraftKings reported record Q2 revenue of $1.51 billion-a 37% increase year-over-year. One might wonder whether ARK saw something we didn’t… or maybe they just needed cash for lunch money. 🍕
They also trimmed 85,278 shares of Roku, proving once again that no stock is safe from their pruning shears. Meanwhile, biotech got some love, with ARK buying 124,275 shares of CRISPR Therapeutics and 185,200 shares of Intellia Therapeutics. On August 20, they added 356,346 shares of Bullish (BLSD) for about $21.2 million and 150,908 shares of Robinhood Markets (HOOD) worth $16.2 million. Truly, ARK’s portfolio is starting to look like the bargain bin at a discount store-everything must go, except the things they really want. 🛒
Read More
- SOL PREDICTION. SOL cryptocurrency
- EUR USD PREDICTION
- ETH PREDICTION. ETH cryptocurrency
- EUR AUD PREDICTION
- USD INR PREDICTION
- Whale Watch: Satoshi-Era Bitcoin Giant Makes Another $2.42 Billion Splash!
- UNI PREDICTION. UNI cryptocurrency
- AAVE PREDICTION. AAVE cryptocurrency
- POL PREDICTION. POL cryptocurrency
- Gold Rate Forecast
2025-08-29 09:10