Yahoo Finance
Closely followed investor Cathie Wood bought the dip in several crypto stocks during June.
Through her Ark Invest asset management firm, Wood bought more than $75 million U.S.
worth of beaten down crypto stocks during June.
Specifically, Wood bought $44 million U.S.
worth of stock in cryptocurrency exchange Coinbase Global (NASDAQ: $COIN).
Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.I.
Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket She also purchased $25.25 million U.S.
of equity in Circle Internet Group (NYSE: $CRCL), issuer of the world's second-largest USD stablecoin (CRYPTO: $USDC).
worth of shares in cryptocurrency exchange Bullish (NYSE: $BLSH), according to regulatory disclosures.
Wood loaded up on shares of crypto companies as their prices fell as much as 40% in June.
CRCL stock fell 40% during the month while COIN stock plunged 20% and BLSH shares ended June down 27%.
Stocks of cryptocurrency companies got slammed in June as the price of Bitcoin (CRYPTO: $BTC) slumped nearly 20% during the month and fell to a 21-month low of $58,000 U.S.
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