ARK Invest seizes the opportunity from a stock market dip to increase its stakes in Coinbase and BitMine, reflecting ongoing confidence in digital assets.
ARK Invest has boosted its Coinbase holdings by acquiring 94,678 shares, valued at approximately $30 million, across its ARKK, ARKW, and ARKF funds. Additionally, the firm purchased 540,712 shares of BitMine Immersion Technologies for about $17 million. This comes amid a broader market decline, with Coinbase stock experiencing a significant drop of 16.7%.