According to The Block, the cryptocurrency market generally fell on Monday, and Cathie Wood's Ark Invest reversed the operation and bought a large number of related stocks. According to the transaction documents, Ark purchased a total of 17 million US dollars of BitMine shares, 16.26 million US dollars of Coinbase shares and 10.80 million US dollars of Circle shares through its three ETFs (ARKK, ARKW, ARKF), plus 5.94 million US dollars of Block and 5.20 million US dollars of Bullish exchange shares.
All of these fell on the day: BitMine tumbled 11.22%, Coinbase fell 6.37% and Circle fell 9.60%. Bitcoin fell 4.08% to $85,799 and Ether fell 5.74% to $2,931. Wood predicted earlier this month that inflation could see a real breakthrough next year due to new technological innovations, indicating its long-term optimism about the cryptocurrency market.
Ark Invest increases its holdings of BitMine, Coinbase, Circle and other stocks on dips
2025-12-16 06:15:25
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