Ark Invest buys crypto stocks such as Block, Circle, and Coinbase on dips.

Cathie Wood's Ark Invest continued to increase its holdings of crypto-related stocks on Tuesday, taking advantage of price declines and a broader crypto market downturn. According to its trading filings, Ark Invest purchased $13.5 million worth of Block. Inc. stock, $7.6 million worth of Circle Internet Group stock, and $3.86 million worth of Coinbase stock through several of its exchange-traded funds (ETFs). Ark Invest primarily purchased these three companies' shares through the Ark Innovation ETF (ARKK). As of Tuesday, Coinbase was the fund's fourth-largest holding, valued at $391 million, representing approximately 5.22% of its portfolio. ARKK also holds $179 million worth of Circle and $85.2 million worth of Block. Additionally, Ark Invest also purchased $1.52 million worth of Bullish stock, $878,794 worth of Robinhood Markets stock, and $2.8 million worth of its own Ark-21Shares Spot Bitcoin ETF on Tuesday. Ark Invest has been consistently increasing its holdings of crypto-related stocks in recent weeks, taking advantage of their recent market underperformance. Block.com shares closed up 2.96% at $63.69 on Tuesday, but are down 20.54% over the past month. USDC issuer Circle fell 3.62% to $70.11 on Tuesday, 51% lower than a month ago. Coinbase fell 0.72% on Tuesday, and is down 30% over the past month.