Ark Invest has ramped up its exposure to crypto-related equities, scooping up more sinking bitmine technologies and bullish shares in many of its exchange-traded funds as markets continue to slide.
According to ARK’s daily disclosure from Friday, the Ark Fintech Innovation ETF (ARKF) added 18,089 bitmine shares, the Ark Next Generation Internet ETF (ARKW) bought 34,637 Bitmine Shares, while the Ark Innovation ETF (ARKK) added 116,681 – bringing total purchases for the day to 169,407 Shares, worth $ 5.83 million.
Separately, ARKF bought 8,063 bullish shares, Arkw added 15,441 shares and Arkk acquired 52,011 shares. This brings ARK’s total purchases for the day to 75,515 shares, worth approximately $2.91 million.
The renewed accumulation came on a day where both stocks faced heavy selling. Bullish closed up 6.19% at $38.48, while Bitmine fell nearly 6% to $34.40. Both saw a slight recovery in after-hours trading.
Related: Cathie Wood’s Ark Bags $46m of Circle Stock As Price Dips Below $90
Ark on crypto buying spree
Ark’s latest acquisitions come as the company is on a crypto buying spree. The firm 542,269 Circle (CRCL) shares accumulated In a two-day period last week, which spent almost $ 46 million.
The purchases, $30.4 million on Wednesday and $15.5 million on Thursday, came as CRCL continued its decline, closing at $86 and then $82.30. This is Ark’s first round since June, when the firm sMature around 1.7 million shares At an average of $ 200, booked $ 352 million.
Next to the circle, Ark is also adds to its position in bitmine. On Thursday, Ark acquired 242,347 bitmine shares for about $8.9 million as the stock sank below $37.
Related: Cathie Wood’s Ark Invest Adds Bitmine Shares as It Offloads $30m in Tesla Stock
Bitmine shakes leadership as ether Treasury’s coffers top $11B
As reported by Cointelegraph, the bitmine replaced its chief executive As the company cemented its position as the largest ether-holding public firm. The firm announced that Chi Tsang will take over from Jonathan Bates. The company also named three new independent board members.
The move will come with more than 3.5 million ether (Eth), worth more than $11 billion, now sits in Bitmine’s Treasury. Originally a crypto-mining business, Bitmine has transitioned to a major institutional owner of Ethereum, drawing comparisons to Michael Saylor’s Bitcoin-focused approach.
Magazine: 2026 is the year of pragmatic privacy in crypto – canton, zcash and more
