Ark Invests $80 Million Despite Crypto Selloff, Doubts Market’s Weakness

Cathie Wood’s Ark Invest significantly increased its investment in crypto companies despite a steep sell-off in the sector. The firm added another $38.7 million to its holdings across Coinbase, Bitmine Immersion Technologies, Circle Internet Group, and Bullish, totaling nearly $80 million over two days. This aggressive buying strategy reflects Wood’s belief that cryptocurrency infrastructure companies offer long-term potential despite near-term volatility in the market. 80 million dollar spree comes on the heels of Ark’s prior $39.6 million purchase on Wednesday – signaling a contrarian bet against the market downturns.