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ARK Invest added $43.5 million in crypto-linked equities over three trading sessions, with Cathie Wood's firm concentrating its purchases in Coinbase and Circle — two names that have shed a combined double-digit percentage of their value over the past month.
The buys came as both stocks were deep in the red, suggesting ARK moved to accumulate on weakness rather than momentum.
The Positions: Coinbase and Circle ARK's largest crypto stock additions in the period were Coinbase and Circle, according to the source summary.
Coinbase shares had fallen 17% over the prior month at the time of the purchases, while Circle's stock had dropped 27.6% over the same stretch.
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