Overview
- Daily disclosures show purchases of about $16.3 million in Coinbase, $10.8 million in Circle, $17 million in Bitmine, $9.9 million in CoreWeave, and $5.2 million in Bullish.
- Trades were executed through ARK’s ARKK, ARKW, and ARKF funds, alongside smaller buys of roughly $5.94 million in Block and $1.24 million of the ARK 21Shares Bitcoin ETF.
- The moves came during a multi-day slide in crypto equities, with Bitmine down 11.22%, Circle 9.60%, CoreWeave nearly 8%, Coinbase 6.37%, and Bullish 2.55%, while Bitcoin hovered near $85,799 and Ether near $2,931.
- The additions build on sizable existing stakes, including roughly $609 million in Coinbase, $323 million in Circle, $275 million in Bitmine, $194 million in Bullish, and $140 million in CoreWeave.
- Benzinga separately reported ARK sold 124,867 Tesla shares on the same day for about $59.35 million.