Markets
What to know:
- Ark Invest added to its holdings of Bullish (BLSH), Circle Internet (CRCL) and Bitmine (BMNR) as the crypto market fell on Wednesday-because obviously buying a plummeting market is a surefire way to avoid losses. 🤷♂️
- Circle and Bitmine both dropped by around 9%, while Bullish lost 3.63%. CoinDesk’s index? A sprightly 3.22% dip. Nothing to see here, just chaos! 🎢
- The investment management firm often goes “bargain hunting” when share prices fall. Translation: “We’re not panicking… we’re strategic.” 🕵️♂️
Ark Invest added $39.6 million to its holdings of three crypto company shares on Wednesday as the broader crypto market dropped. Because nothing says “confidence” like throwing money at a burning building. 🔥
Cathie Wood’s investment management firm added 463,598 shares of crypto exchange Bullish (BLSH), worth $16.9 million at the close of trading, according to an emailed disclosure. It also bought 216,019 shares of stablecoin issuer Circle Internet Group (CRCL) and 260,651 of ether asset treasury firm Bitmine Immersion Technologies (BMNR), worth $15.1 million and $7.6 million, respectively. All while the market did a nosedive that would make a Discworld witch raise an eyebrow. 🧙♀️
The St. Petersburg, Florida-based company holds crypto and crypto-adjacent shares in three of its exchange-traded funds (ARKK, ARKW, ARKF). Because why have one fund when you can have three and confuse everyone? 🤯
The slide in the cryptocurrency market, which saw bitcoin fall as low as $89,000 this week, has taken a bite out of the share prices of crypto firms. Both CRCL and BMNR dropped by around 9% on Wednesday, while BLSH, which owns CoinDesk, lost 3.63%. The CoinDesk 20 index (CD20) fell 3.22%. All in a day’s work for the crypto rollercoaster! 🎢
Ark Invest frequently goes bargain hunting when share prices appear depressed, sometimes to gain maximum value from equities it remains bullish on in the long term and sometimes to rebalance the holdings of its ETFs within its targeted parameters. In other words: “We’re not scared. We’re just… calculating.” 🧮
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2025-11-20 13:53