Ark Invest bought more than $75 million of crypto shares during June bloodbath
Ark Invest has a tendency to “buy the dip,” loading up on shares in cryptocurrency companies when their prices are depressed.
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Summary
- Ark Invest loaded up on shares in cryptocurrency companies as they slid during June.
- The firm bought $44 million worth of shares in Coinbase, $25 million of Circle Internet and $8.2 million of Bullish.
- Circle shares slumped 40%, ending the month at $62.63. The decline included a 18% drop on June 30 following the debut of rival stablecoin Open USD.
