ARK Invest Boosts Crypto Exposure With Major Purchases of BitMine and Bullish Shares

ARK Invest has increased its exposure to crypto-linked equities, adding significant amounts of BitMine Immersion Technologies and Bullish shares across multiple exchange-traded funds while broader markets continued to trend downward. Daily trade disclosures from Friday show that the ARK Fintech Innovation ETF acquired 18,089 BitMine shares. The ARK Next Generation Internet ETF purchased an additional 34,637 shares. The ARK Innovation ETF added the largest amount at 116,681 shares. In total, ARK bought 169,407 BitMine shares on the day, an investment valued at approximately $5.83 million. Separately, ARKF bought 8,063 shares of Bullish. ARKW added 15,441 shares. ARKK acquired 52,011 more. These combined purchases amounted to 75,515 Bullish shares worth roughly $2.91 million. Buying During Market Weakness The renewed accumulation came as both stocks were hit by heavy selling pressure. Bullish closed down 6.19% at $38.48. BitMine fell nearly 6% to $34.40. Both recovered slightly in after-hours trading. ARK’s steady buying during dips has become a recurring strategy, particularly as the firm positions itself more aggressively in digital-asset-linked equities. ARK’s Expanding Crypto Acquisition Strategy This latest move follows ARK’s recent multi-day acquisition of Circle (CRCL) shares. Over two days last week, the firm purchased 542,269 Circle shares for a combined cost of roughly $46 million. The buying took place as Circle’s stock continued to decline, falling first to $86 and then to $82.30. These transactions mark ARK’s first Circle purchases since June, when the firm sold approximately 1.7 million shares at an average price of $200, generating $352 million. ARK has also continued to expand its position in BitMine. On Thursday, the firm purchased 242,347 additional BitMine shares for around $8.9 million after the stock dropped below $37. BitMine’s Leadership Shift Adds Further Attention BitMine has drawn broader market interest following its announcement of a leadership transition. The firm confirmed that Chi Tsang has replaced Jonathan Bates as CEO, and it also appointed three new independent board members. More than 3.5 million Ether — valued at over $11 billion — now sits in BitMine’s treasury. The company’s transformation from a mining-focused business to a major institutional holder of Ethereum has intensified comparisons to Michael Saylor’s Strategy, which maintains the largest Bitcoin treasury among publicly traded firms. ARK’s Long-Term Positioning in Crypto Markets ARK’s ongoing crypto-related acquisitions indicate confidence in long-term growth opportunities despite near-term volatility across digital asset markets. The firm’s activity aligns with its broader investment philosophy, which favors high-growth, high-risk innovation sectors even during downturns. Whether this accumulation continues will likely depend on how crypto-linked equities perform as broader macroeconomic conditions evolve.

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