Encryption stocks plummet, Ark buys into Circle, BitMine, and Bullish.

Recently, the crypto market has been tense, with Bitcoin repeatedly falling below the $90,000 mark, and crypto-related stocks have been severely dumped. Cathie Wood's Ark Invest ( continued to buy the dips, increasing their positions in Bullish, Circle, and BitMine yesterday, demonstrating their support and confidence in the crypto industry.

Bullish broke below the IPO price, Ark grabbed 460,000 shares.

The crypto asset exchange Bullish Global went public on 8/13 at an IPO price of $37 and opened at a high price of $90, but three months later it has fallen below the IPO price. Ark, which actively participated from the IPO, has once again increased its stake. Yesterday, )11/19( bought Bullish stock through its fund )BLSH(.

ARKK: Bought a total of 322,917 shares

ARKW: Total of 92,670 shares bought

ARKF: A total of 48,011 shares bought

Based on yesterday's closing price of 36.39 USD, a total of 463,598 shares were purchased, worth approximately 16.87 million USD.

Circle falls below 70 USD, ARK continues to increase its position

The U.S. stablecoin giant Circle officially went public on June 5, with an issue price of $31 per share. After opening at $69.5, the stock price skyrocketed to nearly $300, but has now fallen to $69.72, causing substantial losses for many investors.

Ark bought CRCL shares at a low cost during the IPO, and also sold part of its holdings for profit in between. Recently, after the stock price fell, it continued to Buy the Dips, purchasing 216,019 shares yesterday, worth approximately 15.06 million dollars.

) JPMorgan raises Circle target price, Ark increases CRCL on dips (

BitMine falls below 30 USD, is ETH likely to bottom out and rebound?

Led by renowned Wall Street strategist and co-founder of financial research firm Fundstrat, Tom Lee, BitMine Immersion Technologies )BMNR( has transformed into an Ethereum reserve company. Initially, it surged to 160 dollars during its early transformation, but has now plummeted below 30 dollars.

Ark completed a block trade through its market price stock issuance plan at the end of July, purchasing approximately 4.77 million shares of BitMine stock through three funds, with a cost of about 38 USD. Cathie Wood has publicly praised BitMine's strategy multiple times, and now seeing the stock price plummet, she naturally seized the opportunity to buy cheap, acquiring 260,651 shares of BMNR yesterday, valued at approximately 7.6 million USD.

As Ethereum )ETH( has recently shown weakness, repeatedly falling below $3,000, BMNR's stock price has plummeted by 44% in a month. However, the company continues to increase its purchases of ETH, and Tom Lee has stated that ETH has the potential to bottom out this week, continuously boosting market confidence.

) BitMine has lost nearly 3 billion USD but continues to increase its investment. Tom Lee: ETH has a chance to hit bottom this week (

This article discusses the fall of crypto stocks, with Ark buying into Circle, BitMine, and Bullish, which first appeared in Chain News ABMedia.