Ark Invest increased its holdings of crypto company shares by $39.6 million as the market dipped. The firm added shares of Bullish, Circle Internet Group, and Bitmine Immersion Technologies to its ETFs. The market slide caused a drop in share prices, with CRCL and BMNR falling by 9% and BLSH by 3.63%.

Ark Invest is known for bargain hunting in depressed markets to maximize long-term value and rebalance ETF holdings. The firm strategically adds shares when prices are low to maintain targeted parameters within its ETFs. This approach allows Ark Invest to capitalize on potential growth opportunities in the future.

Read more at Yahoo Finance: Ark Invest Buys the Slide, Adds Almost $40M of Crypto Stocks, as Market Drops