ARK Invest deployed about $25.3–$25.4M into cryptocurrency-related equities on or around December 17–18, 2025, increasing positions in Coinbase (COIN), Bullish (BLSH) and Bitmine Immersion Technologies (BMNR).
ARK’s purchases targeted three exchange- and infrastructure-focused names, with a total outlay of roughly $25.3–$25.4M. According to market reporting, approximately $10.56M–$11.3M went into BMNR, about $8.85M–$9M into BLSH, and roughly $5.9M into COIN.
These trades coincided with notable price weakness on December 17, 2025: BMNR closed at $29.32 after a 6.59% one-day drop, representing a 24% decline over the prior five trading days; COIN fell 3.33% to $244.19 after an 8.78% five-day slide; and BLSH slipped 1.89% to $42.15 following a 6.41% fall across five days. Data compiled from market closes and reported trade summaries show the purchases were timed during that period of stress.
Trades and allocation by ARK Invest
ARK’s action reflects a clear “buy the dip” stance, a strategy that increases exposure during short-term declines based on an expectation of longer-term recovery. Executing purchases across multiple ARK ETFs concentrates institutional exposure to exchange and crypto-infrastructure equities while the sector trades lower. For traders, the transactions signal potential institutional conviction in these specific names but do not eliminate near-term volatility: each stock had declined notably in the five trading days prior to the purchases.
For corporate or treasury managers considering crypto-adjacent exposure, the trades illustrate one active manager’s view on discounted valuations but also highlight concentration risk tied to exchange and infrastructure operators.
The purchases also emphasize liquidity and execution considerations: sizable, multi-million-dollar buys across several funds can influence intraday flows and should be monitored alongside open interest and funding in derivatives for a fuller picture of market dynamics.
ARK Invest increased exposure to COIN, BLSH and BMNR with roughly $25.3–$25.4M of purchases during the December 17–18, 2025 slide, reallocating capital into exchange and infrastructure equities.
