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Ark Invest increased its holdings yesterday in several cryptocurrency-related companies, including Circle, Bitmine, and Bullish.
Deep Tide TechFlow News, February 3rd, according to The Block, Ark Invest increased its holdings in multiple companies as cryptocurrency-related stock prices continued to decline. According to trading documents, Ark Invest purchased $9.4 million worth of Circle stock through two exchange-traded funds on Monday, also bought $6.25 million worth of Ethereum treasury company Bitmine stock, and $6 million worth of cryptocurrency exchange Bullish stock. The asset management firm also slightly increased its holdings in Block Inc. and Coinbase, valued at $1.9 million and $1.25 million respectively.
Ark Invest CEO Cathie Wood recently stated on social platform X that the recent rise in gold prices could be a precursor to the next bull run for Bitcoin.