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Stock impact report

ARK steps in as crypto stocks extend multi-day selloff [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
According to the email disclosure, ARK's roughly $59 million in crypto stock purchases included about $16.3 million of Coinbase, roughly $5.2 million of Bullish, and around $10.8 million of Circle Internet Group, followed by about $17 million of Bitmine Immersion Technologies and roughly $9.9 million of CoreWeave. Crypto stocks had already been sliding for several sessions before the latest selloff, with Bitmine down more than 11% on the day, Circle falling nearly 10%, CoreWeave dropping close to 8%, Coinbase sliding over 6% and Bullish extending a multi-day decline as selling accelerated across the sector. ARK has a long track record of buying into drawdowns rather than chasing strength, using multi-day selloffs in crypto stocks to add exposure even as prices continue to fall. Crypto plays a large part of ARK's holdings, with roughly $609M in Coinbase, about $323M in Circle Internet Group, around $275M in Bitmine Immersion Technologies, approximately $194M in Bullish, and abou Show less Read more
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