Ark Invest Buys $18M in Crypto Stocks, Adds Robinhood and Bitmine
Ark Invest continued its accumulation of crypto-linked equities on Feb. 13, executing its 10th consecutive bullish buy by putting about $18 million into the sector. The firm allocated roughly $12 million to Robinhood, the retail trading platform, and about $4 million to Bitmine Immersion Technologies, a firm focused on ether-related treasury exposure.
The purchases underscore Ark’s sustained confidence in crypto-exposed companies and could help support liquidity and investor interest in the space. Robinhood exposure points to a bet on renewed retail participation, while the Bitmine stake highlights appetite for ether-centric treasury strategies. That said, equity performance remains subject to broader crypto volatility and macro risk, so the move is notable for signaling conviction rather than guaranteeing upside.