Ark Invest Increases Holdings in BitMine, Coinbase Amid Bitcoin Decline

Cathie Wood's Ark Invest has taken significant steps to bolster its stakes in cryptocurrency-related stocks, including BitMine and Coinbase, amidst a persistent downturn in cryptocurrency valuations.

Despite the ongoing decline in Bitcoin prices, Ark Invest remains optimistic about the long-term potential of these assets, reflecting a strategy that emphasizes long-term growth over short-term volatility.