ARK Invest has invested 60 million dollars in crypto assets.

ARK Invest, led by Cathie Wood, took a significant step during a downturn in crypto assets by making a stock purchase worth nearly $60 million. The investments include notable companies such as Coinbase, Bullish, and Circle.

ARK's investment strategy focuses on making purchases during periods of market downturns. The recent multi-day selling wave in crypto stocks has once again highlighted this strategy of ARK.

In recent weeks, crypto stocks have faced significant declines in share values from companies such as Bitmine, Circle, CoreWeave, Coinbase, and Bullish.