In Monday morning trading, BitMine Immersion Technologies Inc. (BMNR) rose 1%, while Bullish (BLSH) declined 2.5%, following news that renowned investor Cathie Wood's ARK Invest increased its positions in these two cryptocurrency-related stocks.
This investment reflects ARK's confidence in the cryptocurrency industry, while the firm simultaneously reduced its holdings in DraftKings (DKNG), Teradyne (TER), Roku (ROKU), and Roblox (RBLX).