Ark Invest Buys Bitmine and Bullish Crypto Stocks as Price Tests New Lows

Key Insights:

• Ark Invest bought Bullish, Robinhood, and Bitmine crypto stocks as the market falls.
• Bullish stock purchases extends to eleven straight trading days.
• Crypto stocks is under pressure with price drop weighing on sentiment.

Ark Invest is buying more crypto stocks as prices fall, adding Bitmine, Bullish, and Robinhood shares.

The move comes as both crypto assets and major stock indexes continue to decline, putting pressure on the sector.

Ark Invest Buys More Crypto Stock as Prices Stay Low

Cathie Wood’s Ark Invest stepped in to buy more crypto stocks even as prices dropped across the board.

As noted, the firm bought 212,314 in Bitmine (BMNR) stock, valued at about $4.2 million. It also added 74,323 shares of Bullish worth around $2.4 million.

Bitmine saw a small rise of 1.4% to close at $19.74. Still, the crypto stock has lost more than a third of its value over the past month.

Bullish also slipped slightly, closing at $31.71 after a 0.5% drop. Over the same period, it is down about 18%.

The buying did not stop there as Ark Invest also purchased 174,767 shares of Robinhood, spending about $12.4 million.

The Robinhood stock price has been under pressure as well, falling nearly 9% in a single day and about 40% over the past month.

This steady buying shows a clear pattern. Ark Invest has now bought Bullish shares for eleven straight trading days.

The firm appears to be using the price dip in the crypto stocks to build its positions rather than waiting on the sidelines.

Ark Invest Keeping Balanced Crypto Stocks Portfolio

It is worth noting that Ark Invest follows a simple rule when managing its funds.

No single holding is allowed to go above 10% of the total portfolio. This helps reduce risk, especially in areas like crypto stocks where prices can move fast.

Because of this rule, the firm often adjusts its holdings. When prices fall, it may buy more shares to keep the balance.

When prices rise too much, it may sell some to stay within limits. This explains why Ark Invest remains active even during market drops.

Bullish is now one of the larger positions in the ARKF fund. It ranks as the ninth biggest holding with a weight of about 3.4 percent, valued close to $30 million.

The company also holds other crypto stocks such as Circle, Block, and Coinbase.

This spread across several companies shows that the firm is not relying on just one crypto stock. Instead, it is building exposure across the sector while still keeping control of risk.

Crypto Market Drop Weighs in on Bitmine Stock

The wider market has also been weak as Dow Jones fell 1.3%, while the Nasdaq dropped 2%.

The S&P 500 also moved lower by 1.6%. These declines add pressure to already weak crypto stocks.

Bitcoin is trading near its lowest levels since 2024, falling about 1.65% in the last 24 hours to around $66,927.23. Ethereum also dropped slightly, down 1.81%  to about $1,962.

When crypto prices fall, related stocks often follow. Companies like Bitmine and Bullish tend to move in the same direction as digital assets, and sometimes even more sharply.

This has been clear in recent weeks as both stocks posted large monthly losses.

Even with this trend, Ark Invest continues to buy. The firm seems willing to add more shares while prices are down. This approach suggests it is focused on the long term rather than short-term moves.

For now, Ark Invest remains active in the market, building its positions as prices stay low and keeping its strategy steady despite the ongoing decline.