"Wooden Sister" made a large-scale purchase of concept stocks of cryptocurrencies on Wednesday, with a total amount exceeding tens of millions of US dollars.

"Wood Sister" Casey Wood's Ark Investments purchased a total of $17.7 million worth of Circle stock, $16.9 million worth of Bullish stock, and $7.6 million worth of BitMine stock through three exchange-traded funds at the close of trading in the US stock market on Wednesday amidst a drop in cryptocurrency-related stocks. The stock prices of these three companies all dropped on Wednesday. USDC stablecoin issuer Circle closed down 8.98% at $69.72, Peter Thiel-backed cryptocurrency exchange Bullish dropped 3.63% to $36.39, and BitMine fell 9.6% to close at $29.18.