On-chain programmable finance
Search documents
ARK Invest Buys the Dip in Circle, BitMine and Bullish
Yahoo Financeยท 2025-11-14 09:34
Group 1 - ARK Invest purchased shares of Circle Internet Group, BitMine Immersion Technologies, and Bullish on November 14, following a decline in their stock prices [1] - Circle reported a strong Q3 with revenue of $740 million, net income of $214 million, and USDC circulation of $73.7 billion, indicating significant year-over-year growth [2] - William Blair maintained an Outperform rating on Circle, highlighting its leading position in the stablecoin infrastructure market [3] Group 2 - ARK Invest's recent purchases included approximately 188,941 shares of Circle (about $16.3 million), 242,347 shares of BitMine (about $9.8 million), and 177,480 shares of Bullish (about $7.3 million) [4] - The total amount purchased by ARK across the three funds was around $30.5 million, indicating ongoing accumulation [3]