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Ark Invest sells Bitmine, Block, Robinhood and Bullish shares as crypto stocks decline

Ark Invest sells Bitmine, Block, Robinhood and Bullish shares as crypto stocks decline

Ark continued to reshape its holdings, adding Meta, Kodiak AI and Pony AI while trimming Figma, Bitmine and Bullish after earlier sales in crypto-linked stocks.

Fact Check
The claim is directly supported by The Block's official X post (same status ID as the caller-supplied link), which states Ark Invest sold 120,665 Bitmine shares (~$2M), plus Block, Robinhood, and Bullish shares as crypto stocks declined. Three independent aggregators (PANews, Odaily, CoinNess) reproduce identical figures and cite The Block. The specific number 120,665 Bitmine shares and the four named companies all match. A separate The Block article covers Ark's Tuesday trades (where it added Bitmine); this does not contradict the claim, which concerns Wednesday's sales.
Summary

Ark Invest has continued adjusting its portfolio after earlier sales in crypto-linked equities, adding about $14.29 million of Meta Platforms shares alongside smaller purchases of Kodiak AI and Pony AI, while selling Figma, Bitmine Immersion and Bullish shares. The latest disclosed trades, cited from Ark Invest website data by PANews on July 31, included purchases of 26,509 Meta shares worth about $14.29 million, 10,641 Kodiak AI shares worth about $44,900 and 5,000 Pony AI shares worth about $39,700. Ark also sold 3,026 Figma shares worth about $71,900, 33,560 Bitmine shares worth about $606,800 and 12,745 Bullish shares worth about $287,800. Those Bitmine and Bullish sales add to an earlier round of crypto-linked stock disposals that included Block and Robinhood as digital-asset-related equities weakened alongside crypto prices. On the 31st, both Bitmine and Bullish still rose, with Bitmine closing up 8.98% at $18.08 and Bullish gaining 3.43% to $22.59, suggesting the transactions may have reflected profit-taking or portfolio rebalancing rather than a broader retreat from the sector.

Terms & Concepts
  • crypto-linked equities: Publicly traded stocks of companies whose businesses are tied to digital-asset markets or services.
  • portfolio rebalancing: The process of adjusting holdings to maintain a target investment mix or lock in gains after price moves.