ARK Invest goes on $19 million buying spree as crypto stocks nurse losses
Ark Invest bargain hunted for a second straight day Tuesday, snapping up shares in cryptocurrency companies worth $19 million.
The St. Petersburg, Florida-based investment manager bought $2.41 million worth of shares in Circle (CRCL) and added $3.46 million and $631,000 of Bullish (BLSH) and Coinbase (COIN) shares respectively, according to an emailed disclosure. Bullish is the parent company of CoinDesk.
ARK also bought $7.81 million worth of crypto-friendly investment platform Robinhood (HOOD), $3.25 million of Ethereum treasury company Bitmine Immersion Technologies (BMNR) and $1.8 million of Jack Dorsey’s fintech firm Block (XYZ).
ARK holds these equities in its ARKK, ARKW and ARKF exchange-traded funds (ETFs).
All the aforementioned…
