ARK Invest’s Wild Crypto Ride: $25M Dive into the Dip! 🚀💸

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Markets 🌊

Market chaos, probably.

What on Earth is Happening? 🤯

  • ARK Invest, in a move that screams “we’re either geniuses or completely bonkers,” tossed another $25.4 million into the crypto blender on Wednesday. 🍹💰
  • Cathie Wood’s crew scooped up shares in Bitmine Immersion (BMNR), Bullish (BLSH), and Coinbase (COIN) as their stock prices took a nosedive. Because, you know, nothing says “bargain” like a sinking ship. 🚢⬇️
  • This follows a $60 million shopping spree on Monday, which also happened during a market meltdown. Clearly, ARK’s motto is “Buy high, buy low, buy whenever, who cares?” 🛍️🤷‍♀️

So, ARK Invest decided to play the crypto version of “catch the falling knife” on Wednesday, adding $25.4 million to their already impressive collection of digital assets. Because why not? The crypto market was having a bit of a tantrum, with major cryptocurrencies taking a header, but ARK was like, “Ah, yes, perfect timing!” 🕰️💎

Cathie Wood’s gang snapped up 360,232 shares of Bitmine Immersion Technologies (BMNR), worth a cool $10.6 million. BMNR, not wanting to be left out of the drama, dropped 6.5% to $29.32. Because, you know, why have a stable day when you can have a rollercoaster? 🎢

They also grabbed $8.85 million worth of Bullish (BLSH) and $5.91 million worth of Coinbase (COIN). Bullish fell 1.93% to $42.15, and COIN took an 8.6% dive to $244.19. It’s like they’re collecting stocks the way some people collect stamps. 🏷️

The crypto market did have a brief moment of “Hey, maybe today won’t be a disaster,” with Bitcoin spiking to nearly $90,000. But, as is tradition, the gains were as fleeting as a New Year’s resolution. Bitcoin then tumbled to around $85,300, closing just above $86,000, down 2% in 24 hours. Because why have a calm day when you can have a soap opera? 🎭

This latest purchase comes hot on the heels of ARK’s $60 million Monday spree, which also coincided with a market dump. Bitcoin fell about 2%, according to CoinDesk. It’s like ARK is playing a high-stakes game of “Buy the Dip” and loving every minute of it. 🎲

Based in sunny St. Petersburg, Florida, ARK often adds to its crypto ETF holdings when prices take a tumble. Because, apparently, their strategy is “If it’s on sale, we’ll take it.” 🛒✨

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2025-12-18 13:59