Firm ramps up accumulation as market weakness deepens across crypto-linked equities
ARK Invest has renewed its aggressive approach to crypto-related stocks, adding millions of dollars’ worth of BitMine Immersion Technologies and Bullish shares across its flagship exchange-traded funds. The move signals growing conviction from one of the most closely watched institutional investors in the digital-asset sector.
ARK Adds Over $8 Million in Crypto-Linked Equities
According to the firm’s latest trading disclosures, ARK Invest purchased 169,407 BitMine shares on Friday across ARKF, ARKW and ARKK—totaling roughly $5.83 million. It also bought 75,515 Bullish shares, valued at approximately $2.91 million.
The buying spree occurred on a day when both stocks faced sizable sell-offs. BitMine fell nearly 6% to close at $34.40, while Bullish ended the day down more than 6% at $38.48. ARK’s continued accumulation during market stress underscores its long-term thesis on crypto-linked companies, despite short-term volatility.
ARK’s Appetite for Crypto Stocks Continues Rising
The latest trades follow ARK’s 542,269-share acquisition of Circle (CRCL) last week, a roughly $46 million commitment made as the stablecoin issuer’s stock continued to slide. This marked ARK’s largest Circle purchase since June, when the firm exited a major position near $200 per share.
ARK has also been steadily building exposure to BitMine, adding 242,347 shares on Thursday alone for $8.9 million as the stock dipped below $37. The firm is clearly positioning into the downturn rather than waiting for recovery, a pattern consistent with its long-term investment style.
BitMine’s Strategic Shift Draws Institutional Attention
BitMine, once primarily a mining company, has rapidly evolved into a major Ethereum holder. The company recently appointed Chi Tsang as its new CEO and introduced three additional independent board members, signaling a broader corporate reset.
BitMine now holds more than 3.5 million ETH, valued at over $11 billion, solidifying its status as the largest Ether-holding public company. Some analysts compare the strategy to Michael Saylor’s Bitcoin accumulation model, reflecting a shift toward treasury-based crypto exposure rather than pure mining.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.