Ark Invest Increased Holdings in Bitmine, Bullish, Circle, and Other Crypto Concept Stocks Yesterday

BlockBeats News, February 4th, according to The Block, despite the current downturn in the crypto market, Ark Invest increased its holdings in crypto concept stocks such as Bitmine, Bullish, and Circle yesterday. According to trading disclosure documents, Ark Invest purchased $3.25 million worth of shares in Ethereum treasury company Bitmine through its ETF on Tuesday. Additionally, it bought $3.46 million worth of shares in the crypto trading platform Bullish and $2.4 million worth of shares in stablecoin issuer Circle. Furthermore, Ark slightly increased its holdings in Block Inc. and Coinbase, with purchase amounts of $1.77 million and $630,600, respectively. These actions continue Ark's strategy of increasing investments in crypto-related stocks on Monday. Amid the overall downturn in the crypto market, many crypto concept stocks are currently trading at significant discounts.