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Ark Invest Deploys About $39 Million Into Bullish, Circle and BitMine During Crypto Selloff

The firm signaled a rotation from AMD into crypto infrastructure across ARKK, ARKW, ARKF.

Overview

  • ARK bought 463,598 Bullish shares worth about $16.9 million, 216,019 Circle shares for roughly $15–16.5 million, and 260,651 BitMine shares for about $7.6–8.4 million.
  • The buys landed as crypto-linked stocks fell, with Circle and BitMine down around 9% and Bullish off about 3.6% on the day.
  • Wednesday’s allocations were split across ARK Innovation, Next Generation Internet, and Fintech Innovation, with ARKK taking the largest slices.
  • ARK trimmed traditional tech exposure by selling 72,215 AMD shares valued near $16.1–16.6 million as part of the reweighting.
  • The moves extend a November pattern of adding to crypto positions on weakness, including earlier purchases of BitMine when the stock hit new lows.