Cathie Wood’s ARK Invest buys $16 million of BitMine and $7.5 million of Bullish stock across flagship ETFs. ARK purchased over 387,000 shares of BitMine and 144,000 shares of Bullish. Biggest buys came from ARKK, followed by ARKW and ARKF. Bullish shares were up 6% on Friday.

ARK continues to invest in Bullish, adding to $172 million invested in August. Bullish stock surged 83.8% during IPO, raising $1.1 billion. Bullish operates a global crypto exchange and went public via traditional IPO after SPAC deal collapsed.

BitMine buys $65 million in ETH through six OTC transactions via Galaxy Digital. BitMine now holds more than 1.5% of Ethereum’s circulating supply. Centralized exchanges face Ether supply squeeze, with reserves down 38% since 2022 due to institutional accumulation and ETF activity.

Read more at Cointelegraph: ARK Invest Buys BitMine and Bullish Stock Across Flagship ETFs