ARK Invest snaps up BitMine and Bullish stock during selloff
ARK Invest ramped up its crypto-linked equity exposure in November 2025, purchasing roughly $5.83 million of BitMine Immersion Technologies stock and $2.91 million of Bullish shares across three ETFs while both names fell sharply into the close.
According to ARK’s daily trade disclosures, ARK Fintech Innovation (ARKF) bought 18,089 BitMine shares, ARK Next Generation Internet (ARKW) added 34,637, and ARK Innovation (ARKK) took 116,681 — for a combined 169,407 BitMine shares valued at about $5.83 million. Separately, ARKF acquired 8,063 Bullish shares, ARKW 15,441, and ARKK 52,011, bringing the day’s total Bullish adds to 75,515 shares worth approximately $2.91 million.
The buys landed into weakness. BitMine ended the session down nearly 6% at $34.40, while newly listed exchange operator Bullish closed 6.19% lower at $38.48, before modest after-hours stabilizing. The activity fits a broader “buy-the-dip” pattern ARK has followed this month as crypto equities tracked a wider risk-off tone.
Allocations extend ARK’s multi-day repositioning into crypto infrastructure. Earlier in the week the firm accumulated 542,269 shares of Circle Internet Group over two sessions — $30.4 million on Wednesday and $15.5 million on Thursday—its first Circle purchases since June, when ARK sold about 1.7 million shares around $200. The new buys printed as Circle closed at $86 and then $82.30.
ARK has also been scaling into BitMine outside of Friday’s prints. Disclosures show 242,347 BitMine shares purchased on Thursday for roughly $8.9 million as the stock dipped below $37, complementing Friday’s $5.83 million add across ARKK, ARKW and ARKF.
Crypto-sensitive equities have moved in tighter lockstep with liquidity and ETF-flow data, producing outsized swings on down days. BitMine — positioned as an “Ethereum treasury” vehicle following a strategic pivot from mining — has been especially volatile as investors handicap the value of more than 3.5 million ETH now held on its balance sheet, which estimates above $11 billion at current prices. Bullish, which went public this year, has also traded with high beta to spot-crypto drawdowns as options, market-making and exchange volumes reset lower.
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