PANews reported on November 7th that, according to The Block, on Thursday, amidst weak performance in the digital asset finance sector and a further 9.8% drop in BitMine's (BMNR) share price, Ark Invest purchased 240,507 shares of BitMine across its three ETFs, worth approximately $9 million. Specifically, ARKK purchased 167,348 shares (worth $6.3 million), ARKW purchased 48,361 shares (worth $1.8 million), and ARKF purchased 24,798 shares (worth $927,000).

As of November 7, BMNR is currently the thirteenth largest holding in the ARKK Fund, with a weighting of 2.3% and a value of approximately $175 million, lagging behind other cryptocurrency-related stocks such as Coinbase and Robinhood. BitMine is also the thirteenth largest holding in the ARKW Fund, with a weighting of 2.3% and a value of $52.3 million, and the fourteenth largest holding in the ARKF Fund, with a weighting of 2.4% and a value of approximately $27.4 million.