Ark Invest Sells Bitmine Shares While Increasing Holdings in Coinbase and Circle
On July 29, 2026, Cathie Wood's investment firm Ark Invest sold approximately $4.4 million worth of shares in several crypto-related companies including Bitmine Immersion Technologies, Block (formerly Square), Robinhood, and Bullish. The largest single sale was 120,665 shares of Bitmine valued at around $2 million. All four stocks closed lower on Wednesday. In contrast to these sales, Ark Invest also disclosed purchases totaling about $43.5 million in Coinbase and Circle over the previous three trading days. The firm's latest moves reflect a broader trend as crypto equities have weakened alongside declining digital asset prices. Robinhood reported that its crypto business revenue fell nearly 40% year-over-year due to reduced trading activity, despite beating Wall Street earnings expectations for Q2 2026.
Tickers: $BLSH $BMNR $COIN $HOOD $XYZ
Topics: Ark Invest Cathie Wood crypto stocks trading activity