ARK Invest ended the week with a new round of accumulation in several of its flagship funds, increasing positions in Circle, Bullish, BitMine, Robinhood and bitcoin ETF amid a recovery in crypto-related stocks.
Much of the buying came from Bullish, whose shares rose 5,75% on the day. ARK innovation ETF (ARKK), ARK Fintech Innovation ETF (ARKF) and ARK Next Generation Internet ETF (ARKW) increased their positions by a combined $2 million.
Company ARK also continued to accumulate BitMine shares, purchasing them through ARKF, ARKK, and ARKW for a total of approximately $830,000.
Cathie Wood’s firm also acquired a small amount of Circle and Robinhood shares. She bought 3529 shares of the stablecoin issuer for $250,000, which rose more than 6% in one day, as well as nearly 200,000 shares of Robinhood.
Friday ARK also increased its Bitcoin holdings by spending on BTC-ETF almost $600,000.
However, the largest purchase ARK Invest took place on Thursday. The company acquired Coinbase shares for $10,1 million, BitMine for $9,9 million, Circle for $9 million, and Bullish for $9,65 million. The organization also acquired Nvidia shares for $16,8 million and Robinhood for $6,8 million.