Ark Invest continued to add to its crypto-related equity positions as digital asset markets remain under pressure. Recent trade disclosures show the investment firm purchased additional shares in several companies tied to cryptocurrency infrastructure, trading, and treasury strategies.
The largest addition was approximately $3.25 million in shares of Bitmine, an Ethereum-focused treasury firm. Ark also acquired about $3.46 million worth of shares in the Bullish crypto exchange and roughly $2.4 million in the stablecoin issuer Circle. Smaller purchases included $1.77 million in Block Inc. and just over $630,000 in Coinbase shares.
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These moves extend Ark’s buying activity from earlier in the week, signaling a willingness to increase exposure as valuations across the sector decline.
Crypto Market Weakness Pressures Equity Prices
The purchases came as crypto-linked stocks traded lower alongside broader market weakness. On the day of the trades, shares of Bitmine, Bullish, Circle, Block, and Coinbase all closed down, reflecting ongoing pressure across digital asset markets.
Bitcoin was trading near $76,000 at the time, down roughly 3% over 24 hours despite a brief rebound earlier in the week. Ether also declined, falling to around $2,260.
Inflation Outlook and Long-Term View
Ark’s strategy aligns with comments from its leadership suggesting inflation could turn negative in the future. Recent data shows consumer price inflation slowing sharply compared with the previous two years. The firm has also pointed to historical patterns where gold price movements preceded major bitcoin rallies, reinforcing its long-term conviction despite near-term volatility.
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.