Ark Invest continues to increase its holdings in cryptocurrency-related stocks, purchasing shares of companies such as Block, Circle, and Coinbase yesterday.
BlockBeats News, November 26th, according to The Block report, Ark Invest, led by Cathie Wood, continued to increase its holdings of crypto-related stocks this Tuesday amid a cryptocurrency price drop and overall market downturn.
According to its trading documents, Ark Invest bought a total of $13.5 million worth of Block, Inc. stock, $7.6 million of Circle stock, and $3.86 million of Coinbase stock through several of its ETFs on that day. As of Tuesday, Coinbase is the fourth-largest holding in ARKK, valued at $391 million, representing approximately 5.22% of the fund's portfolio; ARKK also holds $179 million worth of Circle, making up 2.39%, and $85.2 million of Block.
Additionally, Ark Invest also increased its holdings of $1.52 million in Bullish stock, $878,794 in Robinhood Markets stock, and $2.8 million in the Ark-21Shares Bitcoin Spot ETF on that day.
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