TechFlow reports that, on February 4, according to CoinDesk, ARK Invest aggressively purchased shares of several crypto-related companies for two consecutive days amid a cryptocurrency market correction. On Tuesday, the investment management firm led by Cathie Wood spent approximately $19 million to increase its stakes in multiple crypto firms, including Circle (CRCL), Bullish (BLSH), Coinbase (COIN), Robinhood (HOOD), Bitmine Immersion Technologies (BMNR), and Block (XYZ). The day before, ARK had already invested additional funds to buy shares of HOOD, CRCL, and BLSH. The stock prices of these companies have recently come under pressure and declined due to Bitcoin falling to $73,100—the lowest level since the end of 2024.
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