Cathie Wood’s Ark Invest buys the dip on BitMine, Coinbase, Circle shares
The Block
Ark Invest purchased shares of BitMine, Coinbase, Circle, Block, and Bullish amid a market-wide decline on Monday.Summary
Cathie Wood's Ark Invest increased its holdings in several crypto-related equities on Monday, buying the dip after they experienced a notable decline. The firm purchased $17 million worth of BitMine shares, $16.26 million of Coinbase shares, and $10.8 million of Circle Internet Group shares across its ARKK, ARKW, and ARKF ETFs. Additionally, Ark bought $5.94 million of Block Inc., $5.2 million of Bullish crypto exchange shares, and $1.24 million of its Ark-21Shares Bitcoin ETF. All six purchased assets declined that day, mirroring a broader downturn in the cryptocurrency market where Bitcoin and Ether also fell.
(Source：The Block)