Ark Invest increases crypto stock purchases amid correction

Ark Invest by Cathie Wood continues to increase its positions in crypto-related stocks as the market is correcting. On Wednesday, the fund bought an additional $10.56 million worth of BitMine shares, $5.9 million worth of Coinbase shares, and $8.85 million worth of Bullish shares. Specifically, Ark has purchased a total of approximately $27.5 million worth of BitMine shares in just two days.

This move comes amid a broad decline in crypto stocks, with BitMine dropping nearly 24% over 5 days, Coinbase down nearly 9%, and Bullish down more than 6%. The accumulation indicates that Ark Invest maintains a long-term optimistic outlook, consistent with Cathie Wood’s previous statement that inflation could enter a “real breaking point” in 2026. Meanwhile, BitMine Chairman Tom Lee also believes that positive policy changes and institutional capital flows will create a more favorable period for crypto.