On July 21st, Wood Sister's ARK Invest bought 4421034 shares of BitMine Immersion Technologies (BMNR), an ETH reserve company led by Tom Lee, worth approximately $175 million. At the same time, ARK sold some of its positions in Coinbase and reduced its holdings in stocks such as Robinhood, Block, and Roblox, with the aim of reallocating its portfolio and increasing its exposure to ETH related assets.