Bitcoin Updates: Ark Invest Increases Crypto Portfolio by $39.6M During Market Downturn, Shows Confidence in Future Growth

On November 21, U.S. crypto-related stocks continued to slide in pre-market trading, with major players deepening their losses amid ongoing market instability. MicroStrategy (MSTR) dropped 4.48%, while

(CRCL), (COIN), and (BMNR) declined by 1.45%, 2.54%, and 3.5%, respectively. These losses reflected a wider downturn in the crypto sector, as , approaching its weakest monthly result since 2022. Similar negative momentum was seen earlier in the month, with MARA Holdings (MARA) and Riot Platforms (RIOT) falling 3.29% and 4.18% in pre-market trading .

In contrast, Ark Invest took an opposing stance, increasing its exposure to crypto-related stocks by $39.6 million as prices fell. On November 20, the firm acquired 463,598 shares of Bullish (BLSH), 216,019 shares of Circle (CRCL), and 260,651 shares of Bitmine (BMNR),

. This strategy is consistent with Ark’s pattern of seeking value during market pullbacks, especially in sectors it considers poised for future expansion.

Across the broader crypto landscape, U.S.-listed spot

ETFs experienced a record $3.79 billion in outflows in November, . BlackRock’s IBIT led the withdrawals with over $2 billion redeemed, while ETFs also saw $1.79 billion leave. The sell-off coincided with a 6.4% drop in Bitcoin to $81,629, . Analysts pointed to a mix of forced liquidations and deteriorating sentiment, and diminishing hopes for interest rate cuts.

At the same time,

(MSTR), the largest corporate holder of Bitcoin, has continued to amass the cryptocurrency even as its share price has tumbled nearly 60% over the past four months. The company recently bought 8,178 at an average cost of $102,171, adding to its $1.5 billion in Bitcoin purchases for November. However, its approach of raising funds through equity and convertible debt offerings has diluted shares, , down from a peak of $456 in July.

Amid these challenges, Bitmine Immersion (BMNR) issued a November statement from its chairman reaffirming its optimistic long-term view on crypto. The company, which owns 3.6 million ETH, suggested that the current price cycle could peak in 12 to 36 months. It also pointed to the potential benefits of Ethereum’s Fusaka upgrade and the tokenization of traditional assets .

Volatility in the crypto market has also affected AI and HPC-focused bitcoin miners, which rallied in pre-market trading after NVIDIA’s strong earnings report. IREN (IREN) and Cipher Mining (CIFR) surged by more than 8% and 11%, respectively,

.