Ark Invest sold shares of Bitmine Immersion Technologies, Bullish, and Block during the recent pullback in crypto equities across U.S. markets. This rotation reflects a strategy of capital reallocation rather than abandoning the sector, confirmed by substantial purchases made during the same period. Over three days, the firm acquired approximately 122,544 Coinbase shares worth nearly $18.6 million and 169,777 Circle shares worth about $12.9 million, totaling roughly $43.5 million in purchases. Ark Invest is betting on long-term positions, accepting short-term losses for Coinbase and Circle to capture their future growth potential.
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