In a bold move amidst the ongoing cryptocurrency market correction, Cathie Wood’s Ark Invest has once again demonstrated its conviction, strategically deploying over $27.35 million on Tuesday to significantly increase its stakes in several prominent crypto-linked companies.
Ark Invest’s latest investment spree saw substantial purchases across its actively managed exchange-traded funds (ETFs), primarily its flagship ARK Innovation ETF (ARKK). According to detailed trading records, the firm acquired:
- $13.5 million worth of Block. Inc (formerly Square) shares
- $7.6 million worth of Circle shares
- $3.86 million worth of Coinbase shares
These strategic additions further solidify Ark’s bullish stance on the digital asset ecosystem. As of Tuesday’s close, Coinbase stands as ARKK’s fourth-largest holding, valued at an impressive $391 million and constituting approximately 5.22% of the fund’s total investment portfolio. Circle’s holdings within ARKK are valued at around $179 million, representing about 2.39% of the fund, while Block’s shares amount to approximately $85.2 million.
Beyond these core investments, Ark Invest also diversified its crypto-centric portfolio on Tuesday by adding:
- $1.52 million in Bullish stock
- $878,700 in Robinhood stock
- $2.8 million in its own spot Bitcoin ETF, ARKB
This consistent pattern of increasing exposure to crypto-related equities in recent weeks underscores Ark Invest’s long-term vision. The firm appears to be strategically capitalizing on the recent underperformance of these companies’ share prices, viewing the current market dip as an opportune entry point for future growth.
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