Bitcoin Mining Stocks and Crypto-Linked Equities Tumble Amid Market Turmoil

Bitcoin mining stocks and other crypto-linked equities faced steep declines as broader market uncertainties and heightened competition weighed on investor sentiment. Key players like MARA Holdings, Riot Platforms, and CleanSpark saw drops exceeding 10%, while Coinbase and MicroStrategy also felt the pressure.

Bitcoin Mining Stocks Plunge as Revenue Craters

Bitcoin mining stocks are experiencing significant declines alongside broader equity markets. Competition has reached an all-time high, and traders are panic-selling equities due to tariff-related uncertainties. On Monday, most mining stocks fell more than 10%, including MARA Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK). Other crypto-linked stocks, such as Michael Saylor’s MicroStrategy (MSTR) and crypto exchange Coinbase (COIN), also saw declines exceeding 10%. The sell-off is part of a broader market trend where traders are panic-selling most asset classes, with equities being hit the hardest. U.S. President Donald Trump’s tariffs have added to the market uncertainties and a trade war looms large over the global economy.

Ark Invest Doubles Down on Coinbase Amid Market Dip

Cathie Wood’s Ark Invest took advantage of the market downturn on Monday, buying 84,514 shares of Coinbase across two ETFs, totaling around $13.3 million. The ARK Next Generation Internet ETF (ARKW) picked up 64,806 shares, while the ARK Fintech Innovation ETF (ARKF) added 19,708 shares. Following the move, Coinbase now ranks as the second-largest holding in ARKF at 7.65% and the fourth-largest in ARKW at 5.92%, highlighting Ark’s strong confidence in the crypto exchange.