While US stock and crypto stocks plummet, Ark Invest adds over $25 million to its holdings | What strategy are institutions playing?

【Block Rhythm】 Recently, the US stock and crypto sectors have been declining for consecutive days, but there is an interesting phenomenon — Cathie Wood’s Ark Invest is instead taking a contrarian approach.

On December 18, Ark Invest made moves through three of its ETFs, increasing holdings in three crypto-related stocks. Data shows they bought approximately $10.56 million worth of BitMine stock, $5.9 million in a compliant platform stock, and $8.85 million in Bullish stock. The total investment exceeded $25 million, which is quite a strong lineup.

Ironically, BitMine’s stock price dropped 6.59% that day, closing at $29.32. Looking back over the past five days, the performance was even worse, with a decline of 24%. In such a weak market environment, Ark still dares to add to their positions — either they are optimistic about a rebound in the market or they are strategically positioning for a longer-term institutional strategy. Regardless, this contrarian move indeed prompts market participants to consider — is this a bottoming opportunity or a sign of continued risk release?