Cryptocurrency concept stocks continue to decline, with ARK Invest adding to positions in core holdings like COIN, Circle, and others on dips.

Amidst the continuous decline of cryptocurrency-related stocks over several days, “Woodie” Cathie Wood’s ARK Invest once again demonstrates its consistent “buy the dip” investment style. On Monday, taking advantage of the ongoing pullback in the stock prices of leading companies in the crypto sector such as Bullish, Circle, and others, ARK concentrated its additional investments in related stocks, attracting market attention.

According to publicly disclosed information, ARK has invested approximately $59 million in crypto concept stocks in this round. This includes about $16.3 million in COIN, approximately $5.2 million in Bullish (BLSH), around $10.8 million in Circle Internet Group (CRCL), as well as increased holdings of about $17 million in Bitmine Immersion Technologies and approximately $9.9 million in CoreWeave.

From the market performance perspective, prior to this purchase, crypto stocks had been under pressure for several days, with the sector overall sentiment being weak. Specifically, Bitmine dropped over 11% that day, Circle declined nearly 10%, CoreWeave fell about 8%, COIN decreased more than 6%, and Bullish continued its previous downward trend, indicating that the entire crypto-related stock sector is experiencing a relatively concentrated sell-off phase.

ARK Invest has long adhered to deploying during market panic and price corrections rather than chasing short-term rallies. This move again reflects its firm confidence in the long-term narrative of cryptocurrencies. Even though related stocks are still in a downtrend, ARK continues to gradually increase its positions to lower the overall cost basis and to position itself for future rebounds.

In terms of portfolio structure, crypto-related assets occupy an important position within ARK’s investment portfolio. Currently, ARK’s holdings include approximately $609 million in COIN, about $323 million in Circle Internet Group, roughly $275 million in Bitmine Immersion Technologies, around $194 million in Bullish, and approximately $140 million in CoreWeave. This round of additional purchases further expanded its already concentrated crypto sector allocation.

Overall, ARK’s contrarian buying during the decline of crypto stocks reflects its judgment of the sector’s long-term growth potential and highlights institutional investors’ strategic positioning during market volatility. As market sentiment recovers and industry fundamentals change, the effects of this round of increased holdings are likely to gradually manifest in the medium to long term.