TechFlow News, February 3: According to The Block, ARK Invest increased its stakes in several companies amid a continued decline in cryptocurrency-related stock prices. Transaction filings show that on Monday, ARK Invest purchased $9.4 million worth of Circle stock through two exchange-traded funds (ETFs), $6.25 million worth of Bitmine—Ethereum’s treasury company—stock, and $6 million worth of Bullish cryptocurrency exchange stock. The asset management firm also modestly increased its holdings in Block Inc. and Coinbase, by $1.9 million and $1.25 million, respectively.
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