Ark Invest drives purchases of nearly $40 million across two days during the market downturn in November 2025. November 19 and 20, 2025: Ark Invest made concentrated purchases in crypto-related equities for approximately $39,6 million on November 19 and $38,7 million on November 20, amid a phase of liquidation and low market liquidity. The operation was distributed across several of its listed portfolios and focused on three key issuers in the crypto ecosystem.
Ark allocated $16,9 million to Bullish (BLSH), $15,1 million to Circle Internet (CRCL) and $7,6 million to BitMine Immersion Technologies (BMNR) on November 19, followed by a second day with additional purchases that brought the total for both sessions to around $78,3 million. The acquisitions were executed through different funds of the group, including ARKK, ARKW and ARKF, evidencing a cross-cutting entry into several of the manager’s strategies.
The accumulation by Ark took place in a context of strong selling pressure: the crypto market suffered a liquidity withdrawal that included around $2.000 million in leveraged liquidations and price drops that placed Bitcoin below $90.000 and Ethereum below key levels noted around $3.000–$4.000. Added macro factors, such as CPI data and the restrictive monetary policy of the Federal Reserve, contributed to intensifying volatility.
Ark Invest purchases and asset distribution
Ark has combined this tactic with prior moves in November: purchases of $30 million in Circle on November 12, more than $70 million in crypto equities on November 14 and an additional $10,2 million investment in Bullish on November 18, in addition to occasional divestments earlier —for example, sales of Coinbase and Block in July 2025— to reconfigure its positions according to market dynamics.
Ark’s bet can be understood as an accumulation strategy in distress phases and a diversification toward companies providing crypto infrastructure and services, rather than direct exposure only to tokens. For institutional investors and product teams, this type of move highlights the importance of liquidity, custody and counterparty assessment in periods of stress.
The maneuver operates within an evolving regulatory environment where institutional adoption is conditioned by regulatory frameworks and compliance requirements. Concentration in listed securities facilitates traceability and KYC/AML compliance, but does not eliminate market risks tied to correlation with prices of underlying digital assets.
The massive purchase by Ark Invest amid the sell-off reflects an entry strategy in the face of perceived discounts and underscores the relevance of institutional flows in shaping the market bottom.
