Cathie Wood’s ARK Invest increased its exposure to crypto-related stocks on Wednesday, purchasing Bullish, Circle Internet Group and BitMine Immersion Technologies across multiple exchange-traded funds (ETFs) as crypto stocks slid deeper into the red.
According to ARK’s daily trade disclosure, the ARK Fintech Innovation ETF (ARKF) bought 48,011 shares of Bullish, while the ARK Next Generation Internet ETF (ARKW) added 92,670 shares. The ARK Innovation ETF (ARKK) made the largest move of the group, purchasing 322,917 shares of Bullish, bringing the total to $16.8 million.
ARK followed this with sizeable buys of Circle, the company behind the USDC (USDC) stablecoin. ARKF picked up 22,327 shares and ARKW snapped up 43,174, while ARKK added 150,518 shares, acquiring around $15 million worth of shares in the stablecoin issuer.
ARK also added BitMine shares. ARKF purchased 26,923 shares, and ARKW added 51,954. ARKK accumulated the single largest amount at 181,774 shares, bringing the total amount to $7.6 million.
Related: ARK Invest resumes crypto buying spree, adds BitMine and Bullish shares
Crypto stocks slide further
The buying came as crypto-exposed stocks broadly weakened as the crypto market continues to retreat from October highs.
Bullish fell 3.63% on the day to $36.39, continuing its recent slide before recovering slightly in after-hours trading. Circle closed the session down nearly 9% at $69.72. BitMine finished the day down 9.5% at $29.18, though it recovered more than 6% after hours.
Michael Saylor-led Bitcoin treasury firm Strategy was hit even harder, dropping 9.82% on the day before recovering some losses in the after-hours.
Notably, ARK has been on a crypto buying spree over the past week amid tumbing crypto prices. On Monday, the firm purchased $10.2 million worth of BitMine shares as its stock price slid to a new record low.
Related: Cathie Wood’s ARK Invest adds BitMine shares as it offloads $30M in Tesla stock
Nvidia posts blowout earnings
As Cointelegraph reported, Nvidia delivered another blockbuster quarter on Wednesday, posting $57 billion in revenue and $31.9 billion in profit, both well above Wall Street expectations. The chip maker also issued a strong fourth-quarter revenue forecast of $65 billion, easing weeks of market anxiety over whether AI demand was starting to cool.
The upbeat earnings boosted sentiment across tech and crypto-linked equities. Nvidia shares jumped more than 5% after hours, and the momentum spilled over into Big Tech, with Apple, Microsoft, Alphabet, Amazon and Meta all posting after-hours gains.
Magazine: 2026 is the year of pragmatic privacy in crypto — Canton, Zcash and more
