Ark Invest adds to crypto-linked stocks during market downturn

Ark Invest continued buying shares of crypto-related companies as digital asset markets remain under pressure.

According to its latest trade disclosures, the asset manager purchased about $3.25 million worth of shares in Ethereum treasury firm Bitmine through one of its ETFs on Tuesday. It also added roughly $3.46 million in shares of crypto exchange Bullish and $2.4 million in stablecoin issuer Circle.

Ark further increased smaller positions in Block Inc. and Coinbase, with purchases totaling approximately $1.77 million and $630,606, respectively.

The move follows similar buying activity on Monday, as Ark boosts exposure to crypto-linked equities that are now trading at notable discounts amid the broader market decline.

On Tuesday, Bitmine shares fell 1.9%, Bullish dropped 3.9%, Circle declined 4.6%, Block slid 6%, and Coinbase lost 4.3%.

The weakness in these stocks mirrors the broader slump across the crypto market. At the time of writing, Bitcoin was trading near $76,321, down 3% over the past 24 hours despite a partial rebound earlier in the week. Ether fell 3.1% to $2,264.

Ark Invest CEO Cathie Wood recently said on X that gold’s latest rally could signal the early stages of bitcoin’s next bull market.

She noted that the correlation between bitcoin and gold has been just 0.14 since early 2020, but that gold prices led bitcoin’s last two major bull runs in previous cycles.

Citing data from Truflation, Wood also suggested inflation could turn negative, with consumer price inflation now at 0.86% year-over-year — well below the 2–3% range seen over the past two years.