• ARKK spearheaded the buys, adding significant shares of Bullish, Circle, and BitMine while reducing positions in non-crypto holdings like Iridium and AMD.

• Crypto stocks experienced declines, with Circle dropping 9%, Bullish 3.6%, and BitMine 9.6% in the latest trading session.

• These investments follow robust Q3 earnings for Bullish and Circle, highlighting their growth potential despite broader market retreats.

ARK Invest boosts crypto holdings with $39M in Bullish, Circle, BitMine shares via ETFs amid Bitcoin dip. Discover ARK’s strategy and market insights for informed investment decisions today.

What are ARK Invest’s Recent Crypto ETF Purchases?

ARK Invest’s recent crypto ETF purchases involved spending more than $39 million on shares of Bullish, Circle Internet Group, and BitMine Immersion Technologies. The investments were distributed across the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). This move underscores the firm’s ongoing commitment to crypto-related assets even as prices face pressure.

Why Did ARK Invest Target Bullish, Circle, and BitMine?

ARK Invest’s decision to increase stakes in these companies stems from their strong fundamentals and the sector’s long-term growth prospects. According to ARK’s trade filings, the firm purchased 463,598 shares of Bullish for $16.9 million, 216,019 shares of Circle for $17.7 million, and 260,651 shares of BitMine for $7.6 million. ARKK led with the largest allocations, buying 322,917 shares of Bullish, 150,518 of Circle, and 181,774 of BitMine. This follows similar additions on November 15, reflecting sustained interest. Meanwhile, ARK trimmed positions in Iridium Communications, Pinterest, Natera, Teradyne, AMD, Reddit, and Bill Holdings to rebalance portfolios toward high-growth crypto plays. Experts note that such strategic shifts demonstrate ARK’s data-driven approach to navigating volatile markets, as evidenced by historical performance analyses from financial data providers like Yahoo Finance.

ARK Invest spends $39M to boost holdings in Bullish, Circle, and BitMine across its ETFs, showing confidence in crypto stocks.

Key Highlights

• ARKK led purchases, adding Bullish, Circle, and BitMine shares while trimming Iridium, Pinterest, Natera, Teradyne, and AMD.
• Crypto stocks fell, with Circle down 9%, Bullish 3.6%, and BitMine 9.6% over the trading session.
• The acquisitions came as Bitcoin (BTC) continued its retreat, falling around 11% over the preceding five days.

Cathie Wood’s ARK Invest has been steadily increasing its stake in crypto-related stocks even as the sector faces broader declines. On Wednesday, the firm spent over $39 million to buy shares in Bullish, Circle Internet Group, and BitMine Immersion Technologies across its exchange-traded funds (ETFs).

According to ARK’s trade filings, the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF) collectively bought 216,019 shares of Circle, 463,598 shares of Bullish, and 260,651 shares of BitMine. The total investment amounted to $17.7 million in Circle, $16.9 million in Bullish, and $7.6 million in BitMine.

ARKK led the purchases, acquiring 322,917 shares of Bullish, 150,518 shares of Circle, and 181,774 shares of BitMine. ARKW and ARKF also added crypto shares across their portfolios. On the other side, ARK Invest offloaded shares of Iridium Communications, Pinterest, Natera, Teradyne, AMD, Reddit, and Bill Holdings across its ETFs. On November 15, ARK also added more shares of BitMine and Bullish across its ETFs, showing continued support for both companies.

How Have Crypto Stocks Performed Amid ARK’s Investments?

Crypto stocks have encountered headwinds, with notable declines during the trading session. Data from Yahoo Finance indicates Circle closed down nearly 9% at $69.72, Bullish fell 3.6% to $36.39, and BitMine dropped 9.6% to $29.18. Larger players like Strategy Inc., known for its Bitcoin treasury strategy, saw a 9.8% decline to $186.50. The overall crypto market mirrored this trend, with Bitcoin retreating about 11% over the past five days to approximately $91,795, per CoinMarketCap data. Despite these dips, ARK’s purchases highlight a contrarian bet on recovery.

The purchases came amid a broader drop in crypto stocks. 

According to the data of Yahoo Finance, Circle, the company behind the USDC stablecoin, closed down nearly 9% at $69.72. Bullish fell 3.6% to $36.39, while BitMine ended the day down 9.6% at $29.18. 

Larger crypto-related companies also faced sharp declines, with Michael Saylor’s Bitcoin treasury firm, Strategy Inc. (MSTR), dropping 9.8% to close at $186.50. 

The broader crypto market has also been retreating. According to CoinMarketCap, Bitcoin has fallen about 11% over the past five days, dropping from around $96,500 to roughly $91,795.

What Earnings Support ARK Invest’s Crypto Bets?

ARK Invest’s continued buying spree reflects optimism in the underlying strength of these companies. Bullish reported a robust third quarter for 2025, achieving $18.5 million in net income versus a $67.3 million loss the prior year. Digital asset sales decreased to $41.6 billion from $54.2 billion, but adjusted revenue climbed to $76.5 million, with adjusted net income at $13.8 million. Circle’s Q3 2025 results showed revenue up 66% to $740 million and net income surging 202% to $214 million, driven by USDC circulation reaching $67.8 billion—a 1,277% increase in platform-held reserves. BitMine is set to release its quarterly results on November 21. In parallel, Nvidia’s strong earnings lifted tech sentiment, with shares rising over 5% after hours, benefiting peers like Apple, Microsoft, Alphabet, Amazon, and Meta.

Despite these declines, ARK has continued its buying spree, signifying confidence in the crypto sector’s long-term potential.

Bullish had a strong third quarter for 2025, reporting $18.5 million in net income, compared with a $67.3 million loss in the same period last year. Sales of digital assets dropped to $41.6 billion from $54.2 billion, but adjusted revenue rose to $76.5 million, and adjusted net income jumped to $13.8 million.

Circle’s reported Q3 2025 results were strong, as revenue increased 66% to $740 million and net income surged 202% to $214 million as USDC adoption continues. The amount of USDC in circulation was up to $67.8 billion, while platform-held USDC saw a jump of 1,277%. BitMine will announce quarterly results on November 21.

On the tech side, strong quarterly earnings at Nvidia boosted the market; the company’s shares surged more than 5% in after-hours trading. This positive momentum also dragged other giant techs higher, including Apple, Microsoft, Alphabet, Amazon, and Meta.

Also Read: Basel Committee Chief Urges Updates to Bank Crypto Rules

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Frequently Asked Questions

What specific shares did ARK Invest purchase in its crypto ETFs recently?

ARK Invest bought 463,598 shares of Bullish, 216,019 shares of Circle, and 260,651 shares of BitMine across ARKK, ARKW, and ARKF, totaling over $39 million. These additions focus on companies with strong Q3 earnings, positioning the ETFs for potential crypto recovery.

What caused the recent drop in Bitcoin and crypto stocks?

Bitcoin fell about 11% over the past five days to around $91,795 due to broader market volatility. Crypto stocks like Circle and BitMine declined 9% and 9.6% respectively, influenced by sector-wide pressures, though fundamentals remain solid for long-term holders.

Key Takeaways

• Strategic Portfolio Shift: ARK Invest’s $39 million investment reallocates toward crypto assets, trimming non-crypto holdings to capitalize on sector growth.
• Strong Fundamentals Amid Dips: Bullish and Circle reported impressive Q3 net income gains, supporting ARK’s confidence despite short-term price declines.
• Monitor Upcoming Earnings: BitMine’s November 21 results could influence further ETF adjustments; investors should track Bitcoin’s trajectory for opportunities.

Conclusion

ARK Invest’s recent crypto ETF purchases in Bullish, Circle, and BitMine illustrate a calculated approach to the volatile crypto landscape, backed by solid earnings and market data from sources like ARK filings and Yahoo Finance. As Bitcoin stabilizes and tech earnings provide tailwinds, these moves position ARK for potential upside. Stay informed on evolving crypto trends to make proactive investment choices in this dynamic sector.