ARK Invest, led by Cathie Wood, acquired over $39 million in shares of Bullish, Circle, and BitMine on Wednesday, according to its daily trade report, capitalizing on the slump in crypto-related stocks.
The purchase included $16.8 million in Bullish, $15 million in Circle, and $7.6 million in BitMine, spread across its ARK Innovation, Fintech Innovation, and Next Generation Internet ETFs. This accumulation occurred as these stocks closed with losses of up to 9.5%.
This reflects a conviction strategy during market weakness, continuing a recent buying streak that included a $10.2 million purchase of BitMine shares this past Monday.
Source: ARK Invest Trade Report
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