Ark Invest, led by Cathie Wood, has increased its investments in BitMine, Coinbase, and Bullish, purchasing a total of $25.31 million in shares through its ETFs. The acquisitions include $10.56 million in BitMine stock, $5.9 million in Coinbase stock, and $8.85 million in Bullish stock. This move comes as these cryptocurrency stocks are trading at significant discounts.
On Wednesday, BitMine (BMNR) shares dropped 6.59% to $29.32, marking a 24% decline over the past five days. Coinbase shares fell 3.33% to $244.19, with an 8.78% decrease over the same period. Bullish shares decreased by 1.89% to $42.15, reflecting a 6.41% drop over five days. Ark Invest's strategic purchases highlight its confidence in these companies despite recent market volatility.
Ark Invest Boosts Holdings in BitMine, Coinbase, and Bullish Amid Price Drops
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