Ark Invest Deploys Over $70 Million in Crypto Stock Buying Spree Amid Bitcoin Dip

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Cathie Wood’s Ark Invest capitalized on a market downturn Monday, purchasing approximately $72 million in crypto-related stocks as bitcoin briefly fell below $75,000.

The buying spanned Ark’s ETFs (ARKF, ARKK, ARKW) and targeted companies like Robinhood ($32.7M), CoreWeave ($14.6M), Circle ($9.4M), Bitmine ($6.3M), Bullish ($6.0M), Block ($1.9M), and Coinbase ($1.3M).

This move continues Ark’s strategy of buying equity weakness during crypto volatility, betting on long-term adoption. It follows a similar $21.5 million purchase in late January.