Ark Invest Doubles Down as Crypto Company Share Prices Decline
Ark Invest added $39.6 million to its holdings of three crypto company shares on Wednesday as the broader crypto market dropped.
Cathie Wood’s investment management firm added 463,598 shares of crypto exchange Bullish (BLSH), worth $16.9 million at the close of trading, according to an emailed disclosure. It also bought 216,019 shares of stablecoin issuer Circle Internet Group (CRCL) and 260,651 of ether asset treasury firm Bitmine Immersion Technologies (BMNR), worth $15.1 million and $7.6 million, respectively.
The St. Petersburg, Florida-based company holds crypto and crypto-adjacent shares in three of its exchange-traded funds (ETFs): Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF).
The…
