ARK Invest, helmed by prominent investor,
Cathie Wood, continually reinforces its steadfast belief in cryptocurrencies. Among significant purchases are large holdings in
Bullish and
Robinhood shares, with the former up to $21M and the latter totaling approximately $30M. ARK's purchase of Bullish shares proved resilient amidst a sharp 32% crash. Regarding cryptocurrency-driven IPOs, ARK's investments stand prominent, with Cathie Wood purchasing over 2.5 million shares of a single undesignated company.
ARK Invest's heart is seemingly set upon securing more stake in the cryptocurrency frontier, selling off other investments to make room for cryptocurrencies. They sold off $12M worth of Coinbase shares but simultaneously increased holdings of
Bitmine. In a bold move, amid Bitcoin's market uncertainty, ARK moved a whopping $148.88M worth of Bitcoin to Coinbase. This move, while appearing risky, helps set the stage for a potential shift in the market.
ARK Invest's dedication towards cryptocurrencies got further highlighted when they purchased $19M worth of Jack Dorsey’s new company, Block, as the market stumbled, and the company's stocks fell. Their bullish stance on ARK Coin remains evident as Cathie Wood's firm keeps buying into dips and moving substantial assets into the crypto sector.
ARK Invest has effectively redirected a significant percentage of its portfolio towards cryptocurrencies, a move that may dictate their future and place in the changing landscape of investment.
ARK Coin News Analytics from Thu, 24 Apr 2025 07:00:00 GMT to Wed, 20 Aug 2025 11:57:46 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor -2
