Overview
- On Thursday, ARK disclosed purchases of 42,419 Coinbase shares (~$10.1M), 380,244 BitMine (~$10M), 264,534 Bullish (~$9.7M) and 134,650 Circle (~$9M).
- The move followed Wednesday’s $39.6M buy: 463,598 Bullish (~$16.9M), 216,019 Circle (~$15.1M) and 260,651 BitMine (~$7.6M).
- ARK executed the buys across its Innovation, Next Generation Internet and Fintech Innovation ETFs, continuing a multi‑day accumulation of crypto‑linked equities.
- Portfolio shifts accompanied the buys, with ARK selling AMD shares (72,215 on Wednesday and 14,087 on Thursday) and adding 93,374 Nvidia shares on Thursday (~$16.9M).
- The additions came during a sector slide, with BitMine down over 10% Thursday to $26.02, Circle off about 4%, Bullish roughly flat, and Coinbase falling 7.44%.