Ark Invest increases holdings in crypto-related stocks like BitMine, with Cathie Wood firmly optimistic about the prospects of the crypto industry

During the overall correction of cryptocurrency-related stocks, Cathie Wood’s Ark Invest has once again chosen to go against the trend. According to the latest disclosed trading documents, Ark Invest significantly increased its holdings of crypto concept stocks such as BitMine, COIN, and Bullish through multiple exchange-traded funds (ETFs) on Wednesday, demonstrating its continued confidence in the industry’s long-term prospects.

Data shows that on Wednesday, Ark Invest bought approximately $10.56 million worth of BitMine stock through three ETFs. Previously, the firm had purchased about $17 million worth of BitMine stock on Monday, indicating a series of aggressive buy-ins in a short period. BitMine is regarded as the world’s largest Ethereum asset management company, with its business highly tied to the development of the ETH ecosystem.

In addition to BitMine, Ark Invest also increased its holdings of about $5.9 million in COIN stock and approximately $8.85 million in Bullish stock on the same day, further expanding its exposure to crypto infrastructure and trading platforms.

Notably, this round of buying occurred when the related stocks were in a clear discount zone. BitMine (BMNR) fell 6.59% on Wednesday, closing at $29.32, nearly a 24% decline over five days. COIN dropped 3.33% to $244.19 on the day, with a five-day decline of 8.78%; Bullish declined 1.89% to $42.15, with a five-day drop of 6.41%.

The market generally believes that Ark Invest’s continued buying reflects Cathie Wood’s optimistic outlook on macro and crypto industry cycles. Wood has previously stated that inflation could see a “substantial breakthrough” within the next year, potentially leading to a new wave of valuation recovery for risk assets.

Meanwhile, Tom Lee, chairman of BitMine and a well-known strategist, also holds an optimistic view of the crypto market outlook. He pointed out that despite short-term market pressures, the company continues to make large-scale Ethereum purchases. As the U.S. regulatory and legislative environment gradually improves and institutional investor participation increases, the “golden age of cryptocurrencies” is approaching.

Overall, Ark Invest’s decision to increase positions during the crypto stock correction signals a clear long-term bullish outlook and once again highlights institutional capital’s strategic patience in the blockchain and digital asset sectors.