Ark Invest Buys Crypto Stocks as Market Tumbles! 😱

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Markets

What to know:

  • Ark Invest, that paragon of wisdom, bought another $38.7 million worth of shares in crypto companies on Thursday as the broader cryptocurrency market extended losses. 🤯💸
  • The St. Petersburg, Florida-based investment manager added to its holdings in Coinbase, Bitmine Immersion Technologies, Circle Internet Group, and Bullish-because nothing says “safety” like throwing good money after bad! 🚀
  • The CoinDesk 20 Index fell over 4.7% on Thursday. Ah, the thrill of watching your portfolio evaporate! 📉

Ark Invest bought $38.7 million worth of shares in crypto companies on Thursday as the broader cryptocurrency market extended its losses. What a spectacle! 🎭

The purchases echo Wednesday’s activity, when it bought a combined $39.6 million of Bullish (BLSH), Bitmine Immersion Technologies (BMNR), and Circle Internet (CRCL). How thrilling to watch the dance of despair! 💸

The St. Petersburg, Florida-based investment manager purchased 42,419 shares in Coinbase (COIN), worth $10.1 million based on Thursday’s closing price of $238.16, 7.44% lower on the day. A 7.44% drop? How daring! 🤡

The CoinDesk 20 Index (CD20) fell over 4.7% on Thursday. A true masterclass in financial theater! 🎭

The Cathie Wood-led firm also bought 380,244 shares in Bitmine Immersion Technologies, worth just under $10 million, according to an emailed disclosure on Friday. Who needs sleep when you can chase losses? 😂

BMNR dropped by more than 10% to close at $26.02, its lowest point since adopting an Ethereum-focused digital treasury strategy in June. A strategy? Or a suicide note? 🧠💥

Ark added 264,534 Bullish shares and 134,650 Circle Internet Group shares, worth around $9.7 million and $9 million respectively. What a delightful game of Russian roulette with your savings! 🎲

CRCL fell 4% on Thursday to $66.93, while BLSH held its own with a 0.3% rise to $36.30. A 0.3% rise? How optimistic! 🎉

Crypto exchange Bullish’s parent company is also the owner of CoinDesk. Ah, the circle of madness! 🔄

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2025-11-21 13:56