16 Dec
16Dec

Cathie Wood's Ark Invest expanded its exposure to the crypto sector on Monday by purchasing over $56 million worth of shares in several companies and its own Bitcoin ETF, capitalizing on a day when these assets experienced a notable decline.

According to a trade filing, the firm's three exchange-traded funds (ARKK, ARKW, and ARKF) acquired:

  • $17 million in BitMine
  • $16.26 million in Coinbase
  • $10.8 million in Circle Internet Group
  • $5.94 million in Block Inc.
  • $5.2 million in Bullish crypto exchange
  • $1.24 million in the Ark-21Shares Bitcoin ETF

The buying occurred as all six assets fell in value, with BitMine, the world's largest Ethereum treasury company, dropping over 11%, and Coinbase falling by 6.37%. The overall cryptocurrency market mirrored this downward trend, with Bitcoin declining 4.08% and Ether dropping 5.74%.

This investment move comes shortly after Ark Invest CEO Cathie Wood reiterated her view that the company is observing "undercurrents of deflation" tied to new technology, predicting a possible "real break" in inflation in the upcoming year.

December 2025, Cryptoniteuae

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