Ark Invest buys the dip in Circle, Bitmine, Bullish shares

Cathie Wood’s Ark Invest made significant moves across its flagship funds this week, notably increasing exposure to crypto-adjacent assets following a period of market correction. Demonstrating confidence in the long-term viability of decentralized finance and digital infrastructure, Ark strategically ‘bought the dip’ in several key holdings.

Among the purchases, Ark acquired shares in Circle, the major issuer of the USDC stablecoin, solidifying its position on regulated stablecoin infrastructure. This move often occurs via holdings in ETFs or direct stakes in private/pre-IPO entities associated with Circle’s ecosystem, reflecting Ark’s sustained commitment to digital currency payment rails.

Further reinforcing its investment thesis in blockchain scaling and security, Ark funds added shares of Bitmine, a company involved in crypto mining and infrastructure solutions. Mining stocks have faced volatility recently due to fluctuating Bitcoin prices and energy concerns, making them prime targets for Ark’s dip-buying strategy.

Finally, Ark increased its stake in Bullish, the institutional digital assets exchange. The acquisitions across Circle, Bitmine, and Bullish underscore Ark’s belief that despite short-term regulatory hurdles and market softness, companies building core infrastructure for the digital economy are currently trading at attractive valuations and are poised for substantial long-term growth.

Source: Ark Invest buys the dip in Circle, Bitmine, Bullish shares