On Wednesday, as the overall cryptocurrency market fell, Ark Invest went against the trend by increasing its holdings in three cryptocurrency companies worth $39.6 million. An email disclosed that Cathie Wood's investment management company Ark Invest increased its holdings by 463,598 shares of Bullish (BLSH), valued at $16.9 million at the close. The company also bought 216,019 shares of stablecoin issuer Circle Internet Group (CRCL) and 260,651 shares of Ethereum asset management company Bitmine Immersion Technologies (BMNR), valued at $15.1 million and $7.6 million, respectively.
This company based in St. Petersburg, Florida holds crypto assets and related stocks in its three exchange-traded funds (ETF), which are: Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF).
This week, the Crypto Assets market plummeted, with Bitcoin (BTC) prices temporarily falling to 89,000 USD, which also dragged down the stock prices of cryptocurrency companies. CRCL and BMNR both fell about 9% on Wednesday, while BLSH dropped 3.63%. The CoinDesk 20 Index (CD20) decreased by 3.22%. (CoinDesk)
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