Overview
- Tuesday’s buys totaled about $19 million across Circle, Bullish, Coinbase, Robinhood, BitMine, and Block, according to ARK’s emailed disclosure.
- The move followed roughly $72 million in purchases on Monday, led by about $32.7 million in Robinhood and $14.6 million in CoreWeave, with additional buys in Circle, BitMine, Bullish, Block, and Coinbase.
- ARK also modestly increased exposure to Bitcoin via its spot ETF ARKB, adding shares alongside the equity purchases.
- The accumulation came as crypto markets weakened, with Bitcoin dropping to around $73,000 and Ether sliding roughly 20%–25% over the past week, pressuring crypto-linked stocks.
- BitMine’s chairman Tom Lee publicly defended the firm’s Ethereum-treasury approach after reporting about $6.6 billion in unrealized losses, calling the design intentional.