ARK Invest capitalized on recent stock market dips by acquiring $30 million in Coinbase shares and $17 million in BitMine shares. On Friday, the firm purchased 94,678 shares of Coinbase (COIN) across three of its ETFs, following a significant decline of 16.7% in Coinbase's stock, which closed at $314.69. This acquisition marks a shift after a period of selling Coinbase shares. Additionally, ARK Invest increased its stake in BitMine Immersion Technologies (BMNR), buying 540,712 shares amidst a 8.55% drop in BMNR stock. This strategic move comes as the overall stock market faced a downturn, influenced by disappointing economic data and news of tariff adjustments by the Trump administration. The Dow dropped 542 points, marking the sharpest decline since mid-June, amidst concerns over a weakening labor market.

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