Ark Invest Snaps Up $42M in Circle, Bullish & BitMine Despite Brutal 9.6% Stock Crash
Cathie Wood’s ARK Invest leaned additional into the crypto sector on Wednesday, increasing its positions throughout Bullish, Circle Internet Group, and BitMine Immersion Technologies, at the same time as all three shares suffered steep intraday losses and broader crypto equities continued their slide from October highs.
According to ARK’s newest day by day commerce disclosure, the agency executed a mixed $42 million in purchases throughout its flagship ETFs, marking certainly one of its most aggressive single-day crypto allocations this month.
The transfer extends ARK’s sample of shopping for into weak point after a wave of purple hit each crypto belongings and crypto-linked equities all through November.
Why Is Cathie Wood Buying the Dip Again as Crypto Stocks Crash?
ARK’s largest dedication as soon as once more went to Bullish, the Peter Thiel-backed crypto alternate whose inventory has been below heavy stress in latest weeks.
The ARK Innovation ETF (ARKK) accrued 322,917 shares, whereas ARKW purchased 92,670 and ARKF added 48,011, bringing Wednesday’s whole Bullish buy to roughly $16.8 million.
The funding arrived as Bullish shares slid one other 3.63% in the course of the session to shut at $36.39 earlier than recovering barely in after-hours buying and selling.
The agency additionally continued its accumulation of Circle, the corporate behind the USDC stablecoin and certainly one of ARK’s fastest-growing crypto exposures.
ARKK acquired 150,518 shares, whereas ARKW purchased 43,174 and ARKF added 22,327, amounting to round $15 million in new Circle holdings.
Circle’s inventory was one of many worst performers amongst crypto-exposed equities on Wednesday, falling practically 9% to $69.72 earlier than staging a gentle after-hours rebound.
ARK rounded out the day with elevated publicity to BitMine Immersion Technologies, buying a mixed 260,651 shares throughout the three ETFs, valued at roughly $7.6 million.
BitMine, whose enterprise has shifted towards accumulating Ethereum on its steadiness sheet, dropped 9.5% to $29.18 earlier than recovering greater than 6% in late buying and selling.
The newest buys come simply days after ARK made a $10.2 million acquisition of BitMine shares on Monday, when the inventory hit a contemporary report low. The agency had additionally bought $10.2 million in
Bullish inventory earlier this week, timed at some point earlier than the alternate’s third-quarter earnings report.
Bullish’s earnings had beforehand proven weaker income however enhancing profitability, and the back-to-back allocations had been interpreted as an indication that ARK expects the alternate’s fundamentals to strengthen as soon as market volatility eases.
This week’s trades additionally add to a broader sample seen all through November.
ARK Invest’s Crypto Exposure Tops $2.15B as It Continues Buying Bullish
ARK has repeatedly elevated its publicity to Bullish, together with an additional $11.98 million purchase earlier this month.
@ARKInvest, led by @CathieDWood, has acquired one other $12M in @Bullish shares regardless of the inventory’s latest decline since its NYSE debut.https://t.co/YR2RfkIXKc
— Cryptonews.com (@cryptonews) November 4, 2025
Notably, that buy pushed its whole Bullish place above $209 million for the reason that alternate’s public debut in August.
Bullish shares stay down roughly 47% from their itemizing worth regardless of periodic rebounds. ARK initially invested $172 million at $37 per share when the alternate listed on the New York Stock Exchange.
The renewed wave of shopping for follows what has been one of many hardest stretches for crypto equities since early 2024.
Bitcoin remained off its October highs because the broader market continued to unwind, and crypto-exposed shares mirrored the downturn.
Circle and BitMine suffered a number of the sharpest declines, whereas Bullish prolonged a months-long slowdown.
Even large-cap names confronted stress: Michael Saylor’s Bitcoin treasury firm, Strategy, dropped 9.82% throughout Wednesday’s session earlier than recovering some losses after hours.
ARK’s accumulation pattern additionally highlights how deeply built-in crypto has change into throughout its ETFs.
As of early November, ARK’s mixed crypto publicity by ARKF, ARKW, and ARKK had surpassed $2.15 billion, pushed by positions in corporations comparable to Coinbase, Robinhood, Circle, Bullish, and BitMine.
Its portfolio additionally extends to Ether and Solana staking merchandise by ETFs comparable to ETHQ/U and SOLQ/U. ARKF maintains the very best allocation to crypto-related belongings at 29%, adopted by ARKW at 25.7% and ARKK at 17.7%.
The submit Ark Invest Snaps Up $42M in Circle, Bullish & BitMine Despite Brutal 9.6% Stock Crash appeared first on Cryptonews.
