ARK adds over $39 million in Bullish, Circle and BitMine shares amid broad crypto-stock weakness
Cathie Wood’s ARK Invest continued its aggressive crypto-equity accumulation on Wednesday, buying more than $39 million worth of shares in Bullish, Circle Internet Group and BitMine Immersion Technologies across its ETFs as crypto-exposed stocks extended their decline.
The latest trade disclosures show that ARK views the ongoing drawdown not as a risk signal, but as a high-conviction accumulation opportunity.
ARK boosts positions in Bullish, Circle and BitMine
The firm made significant purchases across three major ARK ETFs:
Bullish
- ARKF: 48,011 shares
- ARKW: 92,670 shares
- ARKK: 322,917 shares
- Total value: Approximately $16.8 million
Circle (USDC issuer)
- ARKF: 22,327 shares
- ARKW: 43,174 shares
- ARKK: 150,518 shares
- Total value: Roughly $15 million
BitMine
- ARKF: 26,923 shares
- ARKW: 51,954 shares
- ARKK: 181,774 shares
- Total value: Around $7.6 million
ARK’s latest moves follow a week-long buying spree. Earlier this week, the firm added $10.2 million in BitMine shares as the stock plunged to a record low.
Crypto-exposed stocks weaken further
The broader crypto-equities sector experienced notable pressure during Wednesday’s trading session:
- Bullish: Down 3.63% to $36.39
- Circle: Down nearly 9% to $69.72
- BitMine: Down 9.5% to $29.18 before recovering over 6% after hours
- Strategy (Michael Saylor’s Bitcoin treasury firm): Down 9.82% before a partial after-hours rebound
The pullback coincides with the wider crypto market cooling off from its October peaks.
Nvidia’s strong earnings boost broader sentiment
Separately, Nvidia delivered another standout quarter, reporting:
- Revenue: $57 billion
- Net profit: $31.9 billion
- Q4 revenue forecast: $65 billion
The results exceeded Wall Street expectations and eased concerns about slowing AI-related demand. Nvidia surged over 5% after hours, lifting sentiment across major tech stocks including Apple, Microsoft, Alphabet, Amazon and Meta.
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.