ARK steps in as crypto stocks extend multi-day selloff
Cathie Wood’s ARK Invest went bargain hunting on Monday, as some of the biggest listed names in the crypto sector, including Coinbase (COIN), Bullish (BLSH), and Circle (CRCL), extended a multi-day slide.
According to the email disclosure, ARK’s roughly $59 million in crypto stock purchases included about $16.3 million of Coinbase, roughly $5.2 million of Bullish, and around $10.8 million of Circle Internet Group, followed by about $17 million of Bitmine Immersion Technologies and roughly $9.9 million of CoreWeave.
Crypto stocks had already been sliding for several sessions before the latest selloff, with Bitmine down more than 11% on the day, Circle falling nearly 10%, CoreWeave dropping close to 8%, Coinbase sliding over 6% and…
