Cathie Wood's Ark Invest continues to buy shares in companies such as BitMine, totaling $56.44 million.
TL;DR
Ark Invest, led by Cathie Wood, bought $56.44 million in cryptocurrency-related stocks like BitMine, Coinbase, and Circle as their prices dropped, using three ETFs to make the purchases.
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According to Odaily Odaily, Cathie Wood's Ark Invest increased its allocation to cryptocurrency-related stocks such as BitMine, Coinbase, Circle, Block, and Bullish on Monday, as these stocks all fell during the day.
According to transaction documents, Ark Invest purchased a total of $17 million worth of BitMine stock, $16.26 million worth of Coinbase stock, and $10.8 million worth of Circle Internet Group stock through its three ETFs—ARKK, ARKW, and ARKF. In addition, Ark also purchased $5.94 million worth of Block Inc. stock, $5.2 million worth of Bullish cryptocurrency exchange stock, and $1.24 million worth of Ark-21Shares Bitcoin ETF.