Ark Invest, Led by Cathie Wood, Turned Crypto Market Declines into Opportunity! Here Are the Purchases It Made
Ark Invest, led by Cathie Wood, has expanded its positions in crypto and blockchain-focused companies with large-scale acquisitions.
Ark Invest Buys $15.6 Million in Circle Shares; Increases BitMine and Bullish Positions
The company purchased $15.56 million worth of Circle Internet Group stock, along with millions of additional investments in BitMine and Bullish stock. These purchases were made through three different ETFs affiliated with Ark Invest.
According to the company's transaction disclosure, the ARK Innovation ETF (ARKK) acquired 130,595 Circle shares, while the ARK Next Generation Internet ETF (ARKW) added 38,313 Circle shares to its portfolio. The ARK Fintech Innovation ETF (ARKF) acquired 20,033 Circle shares.
On the same trading day, the three ETFs also added 242,347 BitMine Immersion Technologies shares, worth approximately $8.86 million, and 177,480 Bullish shares, worth approximately $7.28 million.
Interestingly, these investments occurred on a day when stock prices plummeted. Circle shares closed down 4.59% at $82.34, BitMine fell 9.86% to $36.57, and Bullish fell 9.85% to $41.02.
Ark Invest's acquisitions follow Circle's strong third-quarter results, which were announced earlier this week. The company reported a 66% year-over-year increase in total revenue to $740 million and a 202% increase in net income to $214 million. Its USDC supply also increased by 108% year-over-year to $73.7 billion.
Investment bank William Blair gave Circle an “outperform” rating, describing the company as a leader in a “winner-take-most” market with its Circle Payments Network and Arc infrastructure. Circle also announced last month that it is exploring the possibility of issuing native tokens for the Arc blockchain, for which it launched a testnet.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates: Saylor's Fiery Voyage: MicroStrategy Remains Committed to Bitcoin Amid Growing Market Strain
- MicroStrategy's Michael Saylor denies selling 47,000 BTC amid rumors, reaffirming the company's commitment to aggressive BTC accumulation. - Analysts project 6,720 BTC additions via STRE issuance, targeting 27% BTC yield and a $141k BTC price by year-end. - Market skepticism grows as MicroStrategy's stock drops 35% YTD, trading below NAV amid mNAV ratio concerns and short-seller warnings. - New entrants like BSTR and Reitar Logtech expand BTC treasury strategies, signaling broader institutional adoption
Ethereum Latest Updates: BitMine Invests $12.5 Billion in Ethereum, CEO Predicts a Repeat of the 1990s Internet Surge
- BitMine appoints Chi Tsang as CEO and adds three board members to accelerate Ethereum holdings expansion. - The firm increased ETH purchases by 34% last week, holding 3.5M ETH ($12.5B) despite price drops. - Tsang compares Ethereum's growth to the 1990s internet boom, aiming to bridge traditional and crypto markets. - Regulatory compliance and market skepticism follow the leadership change, with BMNR down 4.7% premarket.
Public's $65 Million CryptoIRA Initiative Reflects Surging Interest in Tax-Beneficial Crypto Retirement Options
- Public acquires Alto's CryptoIRA business for $65M to enable IRA crypto trading by early 2026. - Acquisition expands retirement crypto options amid rising retail demand and evolving regulations. - Existing Alto customers retain platform access until integration, with seamless transition planned. - Alto shifts to custodial role under CaaS model, while Public handles trading functionality. - Move reflects crypto fintech consolidation and growing investor interest in tax-advantaged digital assets.
ZEC Jumps 6.68% Following Winklevoss-Supported Treasury Approach
- Zcash (ZEC) surged 6.68% in 24 hours to $548.91 on Nov. 14, 2025, despite a 9.98% weekly decline. - Winklevoss-backed Cypherpunk Technologies rebranded from a biotech firm to a ZEC-focused treasury strategy, acquiring 1.25% of total ZEC supply. - The firm aims to hold 5% of ZEC supply (800,000 tokens) as a privacy hedge, supported by $58.9M in funding and a $200M equity facility. - ZEC's 37.03% monthly gain and 885.34% annual rise reflect growing demand for privacy-centric assets, with Network Upgrade 6.
Trending news
MoreCrypto prices
More
