ARK Invest increased its investment in ether treasury company BitMine Immersion Technologies for a second straight day, buying $15.3 million worth of the shares on Tuesday.
Cathie Wood's investment management firm added 477,498 BMNR shares across its Innovation (ARKK), Next Generations Internet (ARKW) and Fintech Innovation (ARKF) exchange-traded funds (ETFs), according to an emailed update.
The purchase followed a larger one of 529,366 shares the previous day.
BMNR shares dropped further on Tuesday, closing 8.9% lower at $32, extending their slide following a climb to $135 at the start of this month.