Cathie Wood $ARKK doubles down on $BMNR Bitmine…
Bought:
– 570K shares $BMNR
– 181K shares $GOOGL (new position)
– 25K shares $AMD
– 25K shares $NVDASold:
– 185K shares $XYZ
– 300K shares $JOBY
– 80K shares $RKLB
– 18K shares $COIN
– 61K shares $PLTR
– 118K shares $HOOD— amit (@amitisinvesting) July 29, 2025
Cathie Wood’s ARK Innovation ETF ($ARKK) is signaling a shift, doubling down on Bitmine ($BMNR) with a hefty 570,000-share buy. Bitmine is a niche player in crypto mining infrastructure, a sector that has been volatile and deeply tied to crypto market sentiment. The timing is notable. After a brutal 2022 and a shaky 2023 for crypto, doubling down now suggests Wood sees either a sustained rebound or a structural pivot toward mining profitability.
Adding 181,000 shares of Alphabet ($GOOGL) marks a fresh bet in big tech after a period of trimming elsewhere. Alphabet’s AI investments, cloud growth, and search dominance remain solid pillars, but recent market volatility and regulatory concerns have kept many investors cautious. Wood’s new position indicates confidence that Alphabet’s AI-driven transformation can outpace broader tech headwinds.
Smaller buys of 25,000 shares each in AMD and Nvidia ($AMD and $NVDA) show a continued interest in the semiconductor space, critical to AI and computing growth. While the amounts are modest, it underscores belief in these foundational tech names as ARK rebalances.
On the selling side, heavy reductions across several names tell a different story. Selling 185,000 shares of $XYZ and 300,000 shares of $JOBY signals a pullback from speculative or emerging tech bets. Joby Aviation’s struggles to meet production and regulatory timelines have been well-documented. $XYZ, less well-known but likely a speculative play, getting trimmed heavily, signals risk reduction.
Notably, selling 80,000 shares of $RKLB, 18,000 shares of $COIN, 61,000 shares of $PLTR, and 118,000 shares of $HOOD indicates a systematic rotation away from certain high-volatility or risk-prone tech and crypto-adjacent names. Coinbase ($COIN) and Robinhood ($HOOD) have been under pressure amid regulatory scrutiny and crypto market declines. Palantir ($PLTR) continues to face questions about growth sustainability and enterprise adoption.
The pattern shows Wood narrowing her focus, doubling down on fewer high-conviction names with clearer growth paths (like Bitmine and Alphabet), while trimming exposure to more speculative or challenged names. This may reflect a tactical shift toward portfolio resilience amid uncertain macroeconomic and regulatory environments.
Note: This is not financial advice and is for educational purposes only. Please conduct your own due diligence.
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