Ark Invest increases holdings in BitMine, Bullish, and Circle, among other crypto-related stocks

BlockBeats News, February 4th, according to The Block, despite the current cryptocurrency market downturn, Ark Invest increased its holdings of crypto-related stocks such as BitMine, Bullish, and Circle yesterday.

According to trading disclosure documents, Ark Invest bought $3.25 million worth of shares of the Ethereum treasury company BitMine through its ETF on Tuesday; it also bought $3.46 million worth of shares of the crypto exchange platform Bullish and $2.4 million worth of shares of the stablecoin issuer Circle. In addition, Ark also slightly increased its holdings in Block Inc. and Coinbase, with purchase amounts of $1.77 million and $630,600, respectively.

The above actions continued Ark's strategy of increasing its holdings of crypto-related stocks on Monday. Currently, amid the overall cryptocurrency market downturn, several crypto concept stocks are significantly undervalued.