The assessment of 'likely_true' with high confidence is based on strong, direct evidence supporting a significant part of the statement, combined with contextual evidence supporting the general behavior described.The core of the statement makes two specific claims: Ark Invest purchased shares of (1) Block and (2) Circle, both (3) during a market downturn.Evidence for purchasing 'Circle' during a 'downturn' is directly provided. A highly relevant news article from Bitget explicitly states that ARK Invest added crypto-linked stocks, specifically naming Circle, to its portfolio during a market slump. This directly corroborates two of the three components of the statement.The general context of purchasing assets during a market downturn is well-supported by multiple sources. A high-authority article from Fortune confirms ARK Invest's behavior of 'bingeing' on assets during downturns. Another article from Bitget reinforces this, stating ARK Invest stood firm amid a tech downturn by making investments. This established pattern of behavior makes the claim highly plausible.However, there is no direct evidence within the provided sources confirming the specific purchase of 'Block' shares. While Block (formerly Square) is a known major holding for ARK, and buying it during a downturn would be consistent with their strategy, none of the supplied articles or posts explicitly mention this transaction.Despite the lack of direct confirmation for the 'Block' purchase, the strong and direct evidence for the 'Circle' purchase during a slump makes the overall statement highly probable. The statement is a conjunction, and with one half being directly supported and the other half being highly consistent with the subject's documented strategy, the overall claim is very likely to be true.