Cathie Wood’s ARK Invest stepped up purchases of crypto-related stocks on Monday, increasing positions in Coinbase, Bullish, Circle and several mining and infrastructure names as a prolonged selloff dragged listed digital-asset equities further lower.
The firm moved to capitalize on the downturn as some of the sector’s largest publicly traded companies extended a multi-day slide. According to an email disclosure, ARK deployed roughly $59 million across crypto-linked equities, including about $16.3 million in Coinbase, approximately $5.2 million in Bullish and around $10.8 million in Circle Internet Group. Additional buys included roughly $17 million of Bitmine Immersion Technologies and about $9.9 million of CoreWeave.
The purchases came amid broad-based weakness across crypto stocks. Bitmine fell more than 11% on the session, Circle declined nearly 10%, CoreWeave dropped close to 8%, Coinbase slid over 6% and Bullish extended its recent losses as selling pressure accelerated across the sector.
ARK has a long history of buying into drawdowns rather than chasing momentum, often using extended periods of weakness in crypto equities to build exposure even as prices continue to fall.
Crypto-focused holdings represent a significant portion of ARK’s portfolio. The firm now holds roughly $609 million in Coinbase, about $323 million in Circle Internet Group, around $275 million in Bitmine Immersion Technologies, approximately $194 million in Bullish and about $140 million in CoreWeave, underscoring that the latest dip-buying added to already substantial positions.
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