Ark Invest bought more than $75 million of crypto shares during June bloodbath

Markets Ark Invest bought more than $75 million of crypto shares during June bloodbath Ark Invest has a tendency to "buy the dip," loading up on shares in cryptocurrency companies when their prices are depressed. By Jamie Crawley | Edited by Sheldon Reback Jul 1, 2026, 11:42 a.m. 1 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Ark Invest's Cathie Wood (Danny Nelson/CoinDesk) Summary Show Ark Invest loaded up on shares in cryptocurrency companies as they slid during June. The firm bought $44 million worth of shares in Coinbase, $25 million of Circle Internet and $8.2 million of Bullish. Circle shares slumped 40%, ending the month at $62.63. The decline included a 18% drop on June 30 following the debut of rival stablecoin Open USD. Ark Invest has a tendency to load up on shares in cryptocurrency companies when their prices are depressed, and June was no exception. Bitcoin BTC $ 58,618.97 , the largest cryptocurrency, recorded its worst month in four years , and digital asset firms' share prices suffered accordingly, which Ark read as a buying opportunity. The St. Petersburg, Florida-based investment manager bought $44 million worth of shares in crypto exchange Coinbase (COIN), based on the closing prices of the days on which purchases were made. It purchased $25.25 million worth of equity in Circle Internet (CRCL), issuer of the world's second-largest stablecoin USDC, and $8.2 million worth of crypto exchange Bullish (BLSH), the parent company of CoinDesk, according to emailed disclosures. Shares of Circle slumped 40% in June, ending the month at $62.63 . The decline included an 18% drop on June 30 following the debut of rival stablecoin Open USD , which is backed by more than 140 companies, including Coinbase, Stripe, Visa, Mastercard and BlackRock. COIN ended June just under 20% lower at $146.19 , while BLSH fell 27% to $23.43 . Circle Coinbase Bullish Related Assets Bitcoin $ 58,618.97 0.81 % Latest Crypto News 1 XRP, HYPE funds are the bright spots as investors flee bitcoin, ether ETFs 28 minutes ago 2 Bitcoin options traders load up on $50,000 puts and gold futures flash a death cross 56 minutes ago 3 Aave logs biggest network-growth day in nearly 5 years as DeFi interest returns 1 hour ago 4 Bitcoin’s 20% June crash looks even deadlier on the charts. Here’s why 4 hours ago 5 Live markets: U.S. spot bitcoin ETFs had their worst month ever in June, shedding $4.5 billion 4 hours ago 6 Anthropic restores AI models Fable, Mythos after the U.S. lifts export controls 4 hours ago 7 Why Poland is the only EU country where crypto firms can't get a MiCA license 5 hours ago 8 XRP holds above $1 after leverage flush as network activity improves 6 hours ago 9 Taiwan’s sweeping crypto law raises the bar with licensing, reserve mandates, and tough penalties 6 hours ago 10 U.S. senators seek to block foreign adversaries from AI technology in new bill 12 hours ago Latest Research Building the Zcash Machine: Tachyon and Quantum Readiness Building the Zcash Machine: Tachyon and Quantum Readiness Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. By CoinDesk Research Jun 30, 2026 Commissioned by GenZcash Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. Why it matters : Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. View Full Report More From Markets Bitcoin options traders load up on $50,000 puts and gold futures flash a death cross Aave logs biggest network-growth day in nearly 5 years as DeFi interest returns Bitcoin’s 20% June crash looks even deadlier on the charts. Here’s why More From Bitcoin XRP, HYPE funds are the bright spots as investors flee bitcoin, ether ETFs Bitcoin options traders load up on $50,000 puts and gold futures flash a death cross Aave logs biggest network-growth day in nearly 5 years as DeFi interest returns