Ark increases exposure to crypto-linked equities as prices slide and inflation outlook improves
Ark Invest has expanded its exposure to crypto-related stocks, purchasing additional shares of BitMine, Coinbase, and Bullish as prices continue to trade at discounted levels. The move signals continued confidence in the long-term digital asset sector despite recent market weakness.
Ark Invest Increases BitMine Holdings
According to trade disclosures, Ark Invest acquired $10.56 million worth of BitMine shares across multiple exchange-traded funds in a single day. This purchase followed an earlier $17 million BitMine buy earlier in the week, reinforcing Ark’s growing position in the company.
BitMine, known as the largest Ethereum treasury-focused firm, has seen its stock decline sharply. Shares closed at $29.32, down nearly 24% over five days, creating what Ark appears to view as an attractive entry point.
Additional Bets on Coinbase and Bullish
Alongside BitMine, Ark also purchased $5.9 million in Coinbase shares and $8.85 million in Bullish shares. Coinbase stock recently fell to $244.19, reflecting an 8.78% drop over five days, while Bullish declined to $42.15, down 6.41% in the same period.
The continued accumulation reflects Ark’s belief that macroeconomic conditions may soon improve, particularly with expectations of easing inflation. BitMine’s leadership has also pointed to regulatory shifts and rising institutional participation as signs that digital assets could see renewed momentum.
By buying during a downturn, Ark Invest is positioning for a potential recovery, signaling long-term conviction in crypto-focused companies despite short-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.