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Ark Invest continues to increase its holdings in encryption concept stocks, buying shares of companies such as Block, Circle, and CEX yesterday.
On November 26, according to The Block, Ark Invest, led by Cathie Wood, continued to increase its holdings in crypto-related stocks on Tuesday amid falling cryptocurrency prices and a sluggish overall cryptocurrency market. According to its trading documents, Ark Invest bought a total of $13.5 million in Block, Inc. stock, $7.6 million in Circle stock, and $3.86 million in CEX stock through several of its ETFs that day. As of Tuesday, CEX was the fourth largest holding in ARKK, valued at $391 million, accounting for about 5.22% of the fund's portfolio; ARKK also held $179 million in Circle, representing 2.39%, and $85.2 million in Block. In addition, Ark Invest increased its holdings by $1.52 million in Bullish stock, $878,794 in Robinhood Markets stock, and $2.8 million in the Ark-21Shares Bitcoin Spot ETF that day.