Ark Invest scoops up Coinbase, BitMine, Circle and Bullish shares in week’s biggest move
The Block
Ark Invest made its largest daily purchase this week, heavily buying shares in Coinbase, BitMine, Circle, and Bullish amidst a crypto market pullback.Summary
Cathie Wood's Ark Invest executed its largest daily purchase of the week on Thursday, acquiring substantial shares in several crypto-related firms across three of its ETFs (ARKK, ARKW, ARKF). The purchases included $10.1 million in Coinbase, $9.9 million in BitMine, $9 million in Circle, and $9.65 million in Bullish. Ark also bought $16.8 million in Nvidia and $6.8 million in Robinhood shares. These acquisitions occurred as crypto-related stocks extended their losses, mirroring a broader, multi-week correction in the crypto market that has seen Bitcoin drop significantly from its recent all-time high.
(Source：The Block)