PANews reported on November 20th that Cathie Wood's Ark Invest increased its holdings of Circle, Bullish, and BitMine shares across three ETFs on Wednesday, for a total of $17.7 million, $16.9 million, and $7.6 million respectively. Specifically, the ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF collectively purchased 216,019 shares of Circle, 463,598 shares of Bullish, and 260,651 shares of BitMine.

On that day, the stock prices of all three companies fell sharply. Circle's stock closed down 8.98% at $69.72; Bullish fell 3.63% to $36.39; and BitMine dropped 9.6% to $29.18.

It's worth noting that despite stock price volatility, Bullish achieved a net profit of $18.5 million in the third quarter, compared to a loss of $67.3 million in the same period last year; Circle's net revenue for the same period was $214 million, a significant increase of 202% year-over-year. BitMine is expected to release its latest quarterly financial report on November 21.

Previously, it was reported that Ark Invest increased its holdings in crypto-related stocks Coinbase, Circle, and Bullish on Tuesday .