Ark Invest disclosed more than $20 million of purchases across its ETFs, adding positions in Block (SQ), Circle, Coinbase (COIN) and increasing Ethereum-focused holdings — including 240,507 shares of Bitmine Immersion. The buys were made while crypto stocks and tokens fell sharply (Block down >20% month, Circle down >50%, Coinbase down ~30%), stablecoin market cap slid by $4.6B, and Bitcoin fell about 25% to roughly $86,800. Several purchases were multi-million-dollar allocations; Tom Lee also commented on Bitmine’s staking yield prospects.

Ark disclosed >$20M of multi-million-dollar buys across its ETFs — concrete buying activity that signals firm-level demand — but these came amid sharp declines in crypto stocks/tokens (Block >20% down, Circle >50% down, Coinbase ~30% down) and a $4.6B stablecoin market-cap decline, which tempers bullishness and limits immediate market-moving potential.