TLDR
- ARK bought $32.7M in Robinhood, the largest single-day buy across funds.
- Bitcoin slipped below $75K as ARK expanded crypto stock holdings.
- The firm acquired $9.4M of Circle and $1.3M of Coinbase shares.
- ARK’s buying spans exchanges, infrastructure, and brokerage firms.
Ark Invest, led by Cathie Wood, made substantial crypto-equity purchases across its ARKF, ARKK, and ARKW funds. The firm added roughly $72 million in crypto-linked stocks while bitcoin temporarily dropped below $75,000. This came during a downturn in the broader crypto market.
The move supports Ark’s strategy of acquiring growth assets during market declines. According to daily trading disclosures, the firm increased its stakes in companies including Robinhood, Coinbase, Circle Internet, Bullish, CoreWeave, Bitmine Immersion Technologies, and Block.
Key Investments Across Crypto Firms
The largest individual buy was in Robinhood (HOOD), totaling around $32.7 million. CoreWeave followed with $14.6 million, and Circle Internet (CRCL) saw new purchases amounting to $9.4 million.
Ark Invest also bought $6.3 million of Bitmine Immersion Technologies (BMNR), $6 million of Bullish (BLSH), $1.9 million of Block (XYZ), and $1.3 million of Coinbase (COIN). Bullish is the parent company of CoinDesk.
These additions are consistent with Ark’s approach of accumulating stocks tied to crypto infrastructure, trading platforms, and digital payment services during periods of low prices.
Strategy Based on Market Cycles
Ark Invest has a long-standing pattern of increasing exposure during crypto market downturns. In late January, the firm purchased $21.5 million of Coinbase, Bullish, and Circle as bitcoin traded below $90,000.
Bitcoin’s price drop to below $75,000 has been accompanied by weakness across crypto-exposed equities. Ark used this moment to strengthen positions across several industries tied to digital assets.
CEO Cathie Wood has consistently argued that bitcoin adds portfolio diversification. She said in a recent report, “Bitcoin’s correlation with stocks, gold, and bonds is lower than correlations between those traditional assets.”
ARK Maintains Long-Term Focus on Innovation
Ark’s latest move shows its commitment to companies building the backbone of the digital asset ecosystem. CoreWeave, an AI infrastructure firm, and Bitmine, known for immersion cooling in bitcoin mining, reflect broader themes in ARK’s innovation strategy.
These purchases were spread across Ark’s different funds. ARKF focuses on fintech, ARKK targets disruptive innovation, and ARKW invests in next-generation internet technologies.
The broad mix of companies added shows Ark’s continued belief in the long-term viability of blockchain-based platforms. The firm is positioning for future adoption cycles even as markets face volatility today
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