Skip to main content

ARK Invest Buys Unexpectedly as Circle and BitMine Crypto Stocks Drop



In a strategic move amidst the ongoing decline in cryptocurrency-related stocks, Cathie Wood’s ARK Invest has escalated its exposure to the crypto sector by acquiring shares in several prominent blockchain-focused companies. The recent purchases reflect a confident stance despite the broader downturn in crypto markets, signaling a potential long-term bullish outlook amidst the volatility.





  • ARK Invest increased its holdings in crypto stocks like Bullish, Circle, and BitMine amidst a market dip.

  • The firm made notable purchases across multiple ETFs, with the largest stake in Bullish worth over $16 million.

  • Crypto stocks such as Bullish, Circle, and BitMine experienced significant price declines after the buying spree.

  • Nvidia’s strong earnings report boosted tech and crypto-related equities, helping to lift sentiment post-market.

  • The ongoing crypto market retreat has not deterred strategic investments by institutional players like ARK Invest.




ARK Invest Boosts Crypto Holdings Amid Market Drop


Despite a persistent downturn in cryptocurrency stocks, ARK Invest has doubled down on its crypto-related investments, signaling a bullish long-term conviction. On Wednesday, the firm bought large blocks of shares in several blockchain companies through its ETFs, such as the ARK Fintech Innovation ETF (ARKF), ARK Next Generation Internet ETF (ARKW), and ARK Innovation ETF (ARKK).


Among the notable acquisitions was 48,011 shares of Bullish, a platform striving to innovate within the crypto trading space, and 92,670 shares in ARKW. The ARKK ETF made the largest buy, acquiring 322,917 shares of Bullish at a total value of approximately $16.8 million.


ARK also increased its stake in Circle, the firm behind the USDC stablecoin. ARKF purchased 22,327 shares, ARKW added 43,174, and ARKK bought 150,518 shares, totaling roughly $15 million in investments in the stablecoin issuer.


Furthermore, ARK built positions in BitMine Immersion Technologies. The firm purchased 26,923 shares in ARKF, 51,954 in ARKW, and the largest stake — 181,774 shares — in ARKK, totaling about $7.6 million.


Related: ARK Invest resumes crypto buying spree, adds BitMine and Bullish shares



Crypto Stocks Decline Further


As ARK increased its holdings, crypto stocks continued to slide, deepening recent losses as the crypto market struggles to recover from October’s highs. Bullish shares fell 3.63% to $36.39 and recovered slightly in after-hours trading. Circle’s stock declined almost 9%, closing at $69.72, while BitMine dropped 9.5% before rebounding more than 6% after trading hours.




BitMine shares ended the day down 9.5%. Source: Google Finance


Bitcoin treasury firm Strategy, led by Michael Saylor, suffered a steeper decline, dropping nearly 10% before bouncing back slightly in after-hours trading. The ongoing decline appears to be driven by broader market sentiment and decreasing crypto asset prices.


Remarkably, ARK has been aggressive in its crypto investing strategy over the past week, following a series of dips. Just days prior, the firm acquired $10.2 million worth of BitMine shares when crypto valuations hit new lows.


Related: Cathie Wood’s ARK Invest adds BitMine shares as it offloads $30M in Tesla stock



Nvidia Reports Record Earnings, Boosts Tech Sentiment


In contrast to crypto equities, semiconductor giant Nvidia reported blockbuster earnings, surpassing expectations with $57 billion in revenue and a net profit of $31.9 billion. The company also provided a robust forecast for the next quarter, projecting $65 billion in revenue, alleviating fears over cooling demand for AI hardware.


The strong earnings report sparked a rally across tech stocks, with Nvidia shares jumping over 5% after-hours. The enthusiasm spilled over into major tech giants, including Apple, Microsoft, Alphabet, Amazon, and Meta, which all posted gains following the earnings news.


This positive momentum underscored investor confidence in the technology sector and by extension, the growing importance of blockchain and crypto-related applications within the wider tech industry.



https://www.cryptobreaking.com/ark-invest-buys-unexpectedly-as/?utm_source=blogger%20&utm_medium=social_auto&utm_campaign=ARK%20Invest%20Buys%20Unexpectedly%20as%20Circle%20and%20BitMine%20Crypto%20Stocks%20Drop%20
Labels:

Comments

Post a Comment

Popular posts from this blog

Scaramucci Family Invests $100M in Trump-Backed Bitcoin Mining Firm

The recent investment in American Bitcoin highlights the growing interest and participation of prominent figures and families in the cryptocurrency mining sector, particularly in the United States. With over $100 million from the Scaramucci family’s Solari Capital and backing from notable entrepreneurs and investors, American Bitcoin is solidifying its position as a significant player in the evolving blockchain and crypto markets. This move underscores the increasing institutional and individual involvement in Bitcoin and related assets, shaping the future of the crypto industry amidst regulatory and market dynamics. The Scaramucci family’s private investment firm, Solari Capital, has committed over $100 million to American Bitcoin, a major U.S.-based mining company. American Bitcoin raised $220 million in a funding round before going public via reverse merger, with notable backers including Tony Robbins, Charles Hoskinson, Grant Cardone, and Peter Diamandis. The company ...
Post a Comment
Read more

What Does it Mean When BTC Futures Turn Negative Compared to Spot Price?

Recent shifts in the cryptocurrency market highlight a growing cautious sentiment among traders, as the Bitcoin futures-to-spot basis has turned negative for the first time since March 2025. This development suggests a potential cooling of investor enthusiasm, with traders showing a preference to de-risk amid increasing market volatility. The trend underscores ongoing uncertainty in the crypto markets, impacting Bitcoin’s price outlook and trading dynamics. Bitcoin futures-spot basis has dipped into negative territory, signaling increased caution among traders. Internal exchange flow surges often precede heightened volatility and liquidity stress. The market’s leverage ratio has decreased, indicating a healthier futures environment and reduced forced-liquidation risks. Historical patterns of negative basis may point either to a market bottom or further downside, depending on subsequent price movements. Bitcoin futures-spot basis signals two different pathways Bitcoi...
Post a Comment
Read more

VanEck Launches Solana ETF; First Spot DOGE ETF Launches Monday

The cryptocurrency investment landscape continues to expand as new ETF offerings gain approval and enter the US market, providing investors with more ways to gain exposure to digital assets. Recent developments highlight increasing institutional interest in altcoins like Solana and Dogecoin, driven by regulatory changes that streamline fund approvals. As more ETFs launch, it's clear that cryptocurrencies are solidifying their place within mainstream investment portfolios, promising greater accessibility and liquidity for both retail and institutional investors alike. VanEck launches the third US ETF tied to Solana, offering staking yields and waiving fees until February or reaching $1 billion in assets. The SEC’s relaxed listing standards have accelerated the rollout of crypto ETFs, with Fidelity's Solana ETF set to launch shortly. Grayscale is preparing to introduce the first Dogecoin ETF in the US, contingent upon SEC approval and NYSE listing procedures. Ot...
Post a Comment
Read more