“Buy the Dip” in Action: Ark Invest Scoops Up $72M in Crypto Stocks as Prices Tumble
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True to its philosophy, Cathie Wood’s Ark Invest seized on a market swoon to buy over $70 million worth of crypto-linked equities on Monday.
As Bitcoin slid below $75,000, Ark’s funds acquired shares across exchanges, brokerages, and infrastructure providers. The purchases, detailed in daily disclosures, included major positions in Robinhood, CoreWeave, and Circle, among others.
This strategic accumulation during weakness mirrors Ark’s late-January $21.5 million buying spree and underscores its conviction that cyclical downturns precede renewed growth in crypto adoption and transaction volumes.
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