Ark Invest is adding to its positions in crypto-related stocks such as Circle, Bitmine, and Bullish on dips.

Ark Invest continued to buy into several crypto companies on dips amid a sustained correction in the crypto market and related stocks. Transaction documents show that Ark purchased approximately $9.4 million worth of Circle stock through two of its ETFs on Monday; it also increased its holdings in Ethereum treasury company Bitmine by approximately $6.25 million and crypto exchange Bullish by approximately $6 million. In addition, Ark slightly increased its holdings in Block and Coinbase, by approximately $1.9 million and $1.25 million respectively. Reports indicate that the share prices of these companies have all experienced significant declines recently, with Circle's share price falling by approximately 65% ​​over the past six months, and Bitmine, Bullish, and Coinbase also recording varying degrees of decline on the day. Analysts believe that Ark's actions demonstrate its continued long-term bullish stance on the crypto industry during this market correction. Previously, Ark CEO Cathie Wood also stated that the recent strength in gold prices may be a sign of the next Bitcoin bull market. (The Block)