Ark Invest Scoops Up Block, Circle, and Crypto Stocks During Market Sell-Off

• Ark Invest purchased over $150M in crypto equities during the market downturn.
• The firm added Block, Circle, Coinbase shares as stocks fell 20-51% from highs.
• Ark increases exposure to crypto companies, while Bitcoin drops 30% from its October peak.

Ark Invest has increased its holdings in crypto-related equities during the recent market downturn, deploying approximately $150 million into the sector over the past week. The firm made additional purchases on Tuesday as Bitcoin fell from its peak.

According to trade filings, Ark Invest acquired $13.5 million in Block Inc. shares, $7.6 million in Circle Internet Group stock, and $3.86 million in Coinbase shares on Tuesday. The purchases occurred across several of the firm’s exchange-traded funds.

ARKK Fund Holds Coinbase as Fourth-Largest Position

The Ark Innovation ETF (ARKK) executed most of the purchases. Coin…

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