Cathie Wood’s Ark Invest purchased $17.7 million worth of Circle Internet Group shares, $16.9 million in Bullish stock and $7.6 million in BitMine across three of its exchange-traded funds on Wednesday, as stocks fell sharply at market close.
The ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW) and the ARK Fintech innovation ETF (ARKF) collectively bought 216,019 Circle shares and 463,598 Bullish shares, according to Ark’s Wednesday trade filing.
The three ETFs also bought 260,651 shares of Tom Lee-led Ethereum treasury company BitMine Immersion Technologies.
All three companies saw their shares fall on Wednesday. Circle, the issuer of the USDC stablecoin, closed down 8.98% at $69.72. Bullish, the crypto exchange backed by Peter Thiel, fell 3.63% to $36.39. BitMine dropped 9.6% to finish at $29.18.
The drop in crypto-related stocks coincided with a broader crypto market pullback, with bitcoin currently trading at $91,795 — down from around $96,500 five days ago.
Bullish reported a profitable third quarter, posting $18.5 million in net income compared with a $67.3 million loss a year earlier, according to its earnings report released Wednesday. However, its digital asset sales fell to $41.6 billion from $54.2 billion in the same period last year.
Circle also reported $214 million in net income in the third quarter, which is a 202% year-over-year growth. BitMine is expected to release its next quarterly report on Nov. 21.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
