Ark Invest acquired assets totaling $9.1M in Circle and on the Bullish platform, a move executed amid a crypto market correction and significant pullbacks in sector stocks. The purchase is part of a broader November accumulation aimed at taking advantage of price declines to increase exposure to crypto infrastructures and platforms.
Ark executed the purchases as part of an accumulation strategy during the market downturn, with the day coinciding with Bitcoin hovering around $87,500 and sustained declines in digital-asset-linked stocks.
Circle maintains notable growth in the circulation of USDC, which reached 73.7 billion units, with reported revenues around $740 million, indicators that Ark considers part of the expanding financial infrastructure. USDC is a stablecoin, a token designed to maintain parity with the dollar and facilitate transfers and liquidity in crypto markets.
Bullish showed a financial turnaround in Q3 2025 by recording a net profit of $108.3 million, after a loss of $116.4 million the previous year; the company has expanded spot trading to 20 U.S. states, its European subsidiary obtained a MiCA license in Germany, and it maintains a target IPO on the NYSE for $990 million.
Ark integrates these signals of consolidation and profitability into its analysis when deciding to accumulate positions despite the market pullback.
Ark’s strategy and market context
The operation is consistent with the buy-the-dip doctrine that has characterized the manager, taking advantage of corrections to reinforce bets on companies considered “foundational” for the digital economy. During November, Ark increased exposure to multiple names related to crypto and technology, while making adjustments in other portfolio positions to rebalance risk and liquidity.
The market backdrop showed broad selling pressure, with several crypto stocks accumulating declines since August in relevant ranges and Bitcoin trading below $90,000 in the cited period. Ark’s decision reflects a long-term approach that prioritizes fundamentals and adoption potential over intraday volatility; however, it implies assuming risks linked to regulation, liquidity and investor sentiment.
Ark’s entry into Circle and Bullish underscores a bet on infrastructure and platforms with operational and growth signals, even in a bearish environment.
