‼️ ARK INVEST PURCHASES $80 MILLION IN CRYPTO STOCKS DURING MARKET DECLINE ‼️
On Friday, ARK's main funds purchased approximately US$ 2 million in shares of Bullish after a gain of 5.75%, along with about US$ 830.000 in shares of BitMine Immersion Technologies and US$ 250.000 in shares of Circle after the stablecoin issuer rose over 6%. The company also increased its holdings in Bitcoin ETFs by nearly US$ 600.000, primarily through the ARK 21Shares Bitcoin ETF, according to trading notifications.
Friday's activity wrapped up an intense week of accumulation. On Thursday, ARK invested US$ 38.7 million in Coinbase, BitMine, Circle, and Bullish, preceded by Wednesday's buying spree of US$ 39.6 million in the same companies. In total, the asset manager invested over US$ 80 million in cryptocurrency-related stocks over three days, while prices plummeted across the sector.
