ARK Invest resumes crypto buying spree, adds BitMine and Bullish shares
ARK Invest made notable moves in crypto-linked equities on Friday, purchasing shares in BitMine Immersion Technologies (BMNR) and Bullish (BLSH) even as the broader market for these stocks dipped. The firm added $5.83 million worth of BitMine shares and $2.91 million of Bullish shares, signaling continued interest in companies tied to the crypto sector despite recent volatility.
These purchases were spread across ARK Invest’s key ETFs, including ARKK, ARKW, and ARKF, according to daily trade disclosures compiled by several media outlets. The acquisitions reflect ARK’s ongoing strategy of targeting innovative and emerging tech companies, showing confidence in the long-term potential of crypto-related equities despite short-term market fluctuations.
Why ARK Invest buys BitMine and Bullish shares during a dip
ARK continued its strategy of buying into weakness, allocating across funds: ARKF added 18,089 BitMine shares, ARKW 34,637, and ARKK 116,681—169,407 BitMine shares total (~$5.83M). For Bullish, ARKF bought 8,063 shares, ARKW 15,441, and ARKK 52,011—75,515 total (~$2.91M). The purchases came as both stocks fell sharply intraday; Bullish closed at $38.48 (-6.19%) while BitMine finished near $34.40 (-~6%), with modest after-hours recoveries. TradingView
ARK’s activity extends a busy week: the firm accumulated 542,269 Circle (CRCL) shares over two sessions, spending roughly $46 million as the price slid below $90 its first sizable Circle buys since earlier allocations and trims around mid-year.
Breakdown: ARK Invest buys BitMine and Bullish shares across ETFs
ARKK (Innovation)
Largest contributor to both BitMine and Bullish additions.
ARKW (Next Gen Internet)
Added to both names, reflecting exposure to crypto market infrastructure.
ARKF (Fintech Innovation)
Smaller but notable allocations to each.
BitMine’s evolving profile and leadership
BitMine Immersion Technologies has been repositioning from mining operations toward a treasury-heavy Ethereum strategy. The company appointed Chi Tsang as CEO, succeeding Jonathan Bates, and added three independent directors, moves that coincided with reports that BitMine’s Ether holdings exceed 3.5M ETH (>$11B) drawing comparisons to high-treasury plays in Bitcoin.
Market context and price action
Friday’s weakness in crypto-linked equities tracked broader risk-off moves as digital-asset prices softened. Bullish (NYSE: BLSH) closed at $38.48, while BitMine (NASDAQ: BMNR) finished near $34.40, per market data and coverage.
Context & Analysis
ARK’s concurrent purchases in BitMine, Bullish, and Circle indicate a continued high-conviction approach to crypto infrastructure and liquidity providers, even amid volatility. The BitMine leadership shift and large ETH treasury may be part of the thesis ARK is leaning into—ETH-beta exposure via corporate balance sheets while Bullish offers exchange-side operating leverage if volumes recover. (Analytical perspective; not investment advice.)
Conclusion
Next steps involve monitoring whether ARK Invest continues its daily net purchases if crypto-linked equities remain weak. Investors will also watch how BitMine’s new leadership manages capital allocation around its ETH holdings, which could influence market sentiment.
Additionally, Bullish’s trading volumes and market share will be key indicators, especially in the context of overall crypto turnover. Upcoming disclosures and price movements will help determine whether Friday’s purchases were simply opportunistic dip buys or signal a more strategic, long-term positioning shift by ARK across its crypto-focused ETFs.
FAQs
Q : What did ARK buy on Friday?
A : ARK bought ~169k BitMine shares (~$5.83M) and ~75.5k Bullish shares (~$2.91M) across ARKK, ARKW, and ARKF.
Q : Why is ARK adding to crypto-linked stocks?
A : It’s consistent with ARK’s strategy of buying innovative, high-beta names on weakness; specifics vary by thesis and market conditions.
Q : How did the stocks close?
A : Bullish closed at $38.48 (-6.19%); BitMine near $34.40 (-~6%), with slight after-hours rebounds.
Q : Did ARK also buy Circle?
A : Yes. ARK accumulated 542,269 Circle (CRCL) shares over two sessions for ~$46M as the stock dipped below $90.
Q : Who leads BitMine now?
A : Chi Tsang was appointed CEO, succeeding Jonathan Bates, alongside new independent directors.
Q : What is BitMine’s Ether exposure?
A : Reports cite more than 3.5M ETH (> $11B) in treasury, making it a major corporate ETH holder.
Q : How can I follow ARK’s daily trades?
A : Check ARK’s daily trade disclosures and cross-reference with reputable financial news/quote services.
Facts
Event
ARK adds BitMine and Bullish shares during market dipDate/Time
2025-11-15T18:00:00+05:00Entities
ARK Invest; ARK Innovation ETF (ARKK); ARK Next Generation Internet ETF (ARKW); ARK Fintech Innovation ETF (ARKF); BitMine Immersion Technologies Inc. (BMNR); Bullish (BLSH); Circle (CRCL); Chi Tsang; Jonathan BatesFigures
BitMine +169,407 shares (~$5.83M); Bullish +75,515 shares (~$2.91M); Bullish close $38.48 (-6.19%); BitMine ~$34.40 (-~6%); Circle +542,269 shares (~$46M)Quotes
“ARK bought a total of 542,269 Circle (CRCL) shares … investing around $46 million.” Cointelegraph/TradingView summary. TradingViewSources
Cointelegraph via TradingView; Investing.com; Decrypt; MarketWatch/Yahoo Finance (see below)