ARK Invest goes on $19 million buying spree as crypto stocks nurse losses
Analysis
Price Impact
MedArk invest's significant buying spree in crypto-related stocks (coinbase, robinhood, block, etc.) during a market dip indicates institutional confidence. while not directly buying btc, these investments signal a bullish outlook on the broader crypto ecosystem, which often correlates with btc's performance.
Trustworthiness
HighThe news comes from coindesk, a reputable crypto news source, detailing specific purchases by ark invest, a well-known institutional investor with a public track record.
Price Direction
BullishArk invest is 'bargain hunting' during a period where bitcoin fell to $73,100, purchasing $19 million in crypto equities. this strategy suggests they anticipate a recovery and future appreciation in these assets, which typically aligns with a bullish outlook for bitcoin and the overall crypto market.
Time Effect
LongArk invest's investment philosophy often focuses on long-term disruptive innovation. buying a dip in major crypto-related stocks suggests a belief in long-term growth rather than short-term price movements.
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Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email ARK Invest goes on $19 million buying spree as crypto stocks nurse losses ARK added to its holdings in CRCL, BLSH, COIN, HOOD, BMNR and XYZ on Tuesday as bitcoin fell as low as $73,000. By Jamie Crawley | Edited by Omkar Godbole Feb 4, 2026, 12:16 p.m. Make us preferred on Google Ark Invest's Cathie Wood (Danny Nelson, modified by CoinDesk) What to know : ARK Invest bought around $19 million worth of shares in cryptocurrency companies on Tuesday as crypto equities' losses extended. ARK added to its holdings in CRCL, BLSH, COIN, HOOD, BMNR and XYZ. All the aforementioned companies's share prices have suffered in recent days amid the selloff in the crypto market which saw bitcoin (BTC) fall as low as $73,100 on Tuesday. Ark Invest bargain hunted for a second straight day Tuesday, snapping up shares in cryptocurrency companies worth $19 million. The St. Petersburg, Florida-based investment manager bought $2.41 million worth of shares in Circle (CRCL) and added $3.46 million and $631,000 of Bullish (BLSH) and Coinbase (COIN) shares respectively, according to an emailed disclosure. Bullish is the parent company of CoinDesk. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . ARK also bought $7.81 million worth of crypto-friendly investment platform Robinhood (HOOD), $3.25 million of Ethereum treasury company Bitmine Immersion Technologies (BMNR) and $1.8 million of Jack Dorsey's fintech firm Block (XYZ). ARK holds these equities in its ARKK, ARKW and ARKF exchange-traded funds (ETFs). All the aforementioned companies's share prices have suffered in recent days amid the selloff in the crypto market which saw bitcoin BTC $ 76,034.01 fall as low as $73,100 on Tuesday, its lowest point since late 2024. CRCL and COIN both dropped around 4.5% on Tuesday, while BLSH fell just under 4% . ARK frequently buys into weaknesses in the crypto market to capitalize on the possibility of capturing greater value from equities. Tuesday's activity followed larger buys the day before , in which ARK added $32.7 million worth of HOOD, $9.4 million of CRCL ad $6 million of BLSH. ARK Invest In this article BTC BTC $ 76,034.01 ◢ 2.87 %