Cathie Wood’s ARK Offloads Coinbase and Roblox to Back Tom Lee’s ETH Venture

The director of the global assets took a surprise step by mixing some of its assets under management.

Meanwhile, ETHER was suffering from a large institutional demand, driven by the growing popularity of companies that focus on building treasury bonds.

Restructuring of assets

The CEO and founder of the Invest Investment Management Company, Cathy Wood, converted the company’s portfolio, who sold several shares for ETH Treasury Company, BitMine Gemersion Technologies (BMNR), claiming by Tom Lee.

This purchase of the first BitMine shares signs for Ark Invest since the company Convert From Bitcoin to the Ethereum Treasury entity.

Three funds run by ARK – Ark Innovation ETF (ARKK), ETF online from the following generation (ARKW), and Fintech Innovation ETF (ARKF) – Cummerly sold 218,986 shares from Coinbase (Coin), worth approximately $ 90.5 million. This is the third sale From the Coinbase shares that the company underwent last month.

According to the trading update on Monday, 463,293 shares were removed from the Roblox (RBLX) games from the portfolio, which was worth about $ 57.7 million.

The three funds acquired 4.4 million shares of BMNR, at a value of about $ 174 million, which now constitute 1.5 % of both individual traded investment funds.

There are some other highlights on the update are Robinhood and Block Inc. That was converted into a point image, along with the purchase of various companies’ stocks, including AMD, DooDash, Airbnb and others.

BitMine Gemersion Tech, Company Lead Written by Tom Lee, it is ranked second in the world for the Atheer reserves, with a value of more than 300,000 eth about $ 1.1 billion at printing time, according to data from the strategy. It only follows Sarplink games, with 360.6K ETH.

Ethereum steals the spotlight

Tapot Wood is not the only company that managed to change the heart and began to focus on the largest altcoin in the world.

Bit Digital Inc. It is publicly traded in NASDAQ (BTBT), a pre -mining company Bitcoin transformation To the original Ministry of Treasury Ethereum after collecting $ 172 million in public stocks and selling 280 BTC in its treasures. Later, the entity accumulated about 100,603 ETH.

SBET, as mentioned above, Prescribed Its reserves by collecting $ 425 million through a special situation and an additional $ 79 million through the market -shares (ATM).