Ark Invest Buys Crypto Stocks as Market Slump Deepens

Ark Invest increases crypto equity exposure during a market slump as bitcoin weakens and outlooks diverge.

American investment firm Ark Invest has been active in the crypto space even as financial markets continue to feel macroeconomic heat. In recent times, the asset manager has actively purchased several crypto-focused stocks. 

Interestingly, this series of equity buys comes as major tokens and assets trade below the recent highs. Analysts believe that despite weak market sentiment, the asset manager appears focused on long-term positioning during the downturn.

Crypto-Linked Stocks See Fresh Buying Interest as Ark Invest Steps In

On Tuesday, Ark Invest purchased about $3.25 million worth of shares in Ethereum treasury firm Bitmine. As per trade filings, the transaction was completed through its investment vehicle. 

Additional buying included $3.46 million in shares of crypto exchange Bullish and roughly $2.4 million in stablecoin issuer Circle. The investment firm also bought Block Inc. and Coinbase stocks at $1.77 million and $630,606 each.

Appetite for crypto-based equities has noticeably increased this week. Experts believe buyers are stepping in to purchase these stocks because they trade at a discount.

According to market observers, Bitmine closed down 1.9% on Tuesday. Meanwhile, Bullish and Circle each dropped by 3.9% and 4.6%. Block fell 6%, and Coinbase ended the session down 4.3%. 

Bitcoin and Ether Extend Losses as Key Technical Levels Break

Price action mirrors weakness seen across the wider crypto market. At the time of writing, Bitcoin is exchanging hands at $76,180 after continuing its southbound movement in the previous session. In fact, the OG coin is down 22% when viewed on a yearly scale.

Technically, the coin has posted only 11/30 green trading days and remains below the 200-day SMA.

Other price action indicators continue to flash stress signals:

• For instance, the BTC investors’ sentiment remains bearish.
• The Fear and Greed Index stands at 14, which points to high caution among market participants.
• The firstborn crypto has slipped below the 100-week moving average. Generally, this level is tied to deeper pullbacks.
• Historical patterns suggest the coin could potentially drop below the 200-week moving average before stability returns.

Ether followed a similar path to Bitcoin, falling 3.1% to around $2,264. Price remains below its 200-day simple moving average and sits about 54% below its all-time high. Trading patterns show the same limited number of positive days seen in Bitcoin.

Bitwise and Ark Leaders Offer Contrasting Views on Bitcoin Outlook

Bitwise Chief Investment Officer Matt Hougan described Bitcoin as being in a prolonged bear market since early 2025, driven by heavy leverage and profit-taking.

Ark Invest CEO Cathie Wood recently shared a longer-term view on social media. She pointed to gold’s recent rally as a possible early signal for Bitcoin’s next upswing. 

Wood noted that gold has driven major advances in Bitcoin in past cycles, despite a low long-term correlation. Data from Truflation also suggests inflation could turn negative, with consumer price inflation at 0.86% year over year, well below recent norms.

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