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Crypto-related stocks are extending their slide, mirroring the sustained pullback in the broader digital asset market.Crypto-related stocks are extending their slide, mirroring the sustained pullback in the broader digital asset market.

Ark Invest scoops up Coinbase, BitMine, Circle and Bullish shares in week’s biggest move

Author: The Block
Source: The Block
2025/11/21 11:07
2 min read
ARK
ARK$0,1809+2,84%
BULLISH
BULLISH$0,003167-4,34%
MOVE
MOVE$0,02063-1,80%
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Cathie Wood's Ark Invest bought a bulk of crypto-related stocks on Thursday across three of its exchange-traded funds as part of its largest daily purchase this week.

According to its trade filing, the company bought $10.1 million in Coinbase shares, $9.9 million in Ethereum treasury firm BitMine, $9 million worth of Circle shares and $9.65 million in Bullish crypto exchange shares.

Ark made the purchases through the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW) and the ARK Fintech innovation ETF (ARKF).

As part of its buying spree, Ark Invest also deployed $16.8 million into buying Nvidia and $6.8 million into Robinhood shares on Thursday.

Ark appears to be increasing its purchases of crypto-related stocks as they extend losses this week. Coinbase fell 7.44% to close at $238.16 on Thursday. BitMine dropped 10.83% to $26.02, while Circle lost 4% to $66.93. Bullish crypto exchange closed Thursday up 0.30% at $36.50, but remains down 37.88% in the past month.

The decline in crypto-related stocks mirrors a sustained pullback across the broader crypto market, extending a multi-week correction that has wiped out around $1 trillion in total market capitalization since bitcoin's all-time high last month.

The Block's price data shows that Bitcoin is currently trading at around $85,641, down 7.41% in the last 24 hours, alongside drops across other major cryptocurrencies. The entire crypto market is down 6.26% in the past day.


Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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