TLDR
- Ark Invest added over $9.8 million in crypto-related stocks on February 3.
- Cathie Wood predicts inflation could turn negative as consumer price inflation drops.
- Crypto market stocks such as Coinbase and Block saw significant declines recently.
- Ark Invest continues to expand its crypto stock holdings despite market slump.
Ark Invest, led by Cathie Wood, has recently made additional investments in the crypto market as it continues to experience a downturn. The firm purchased significant shares in several crypto-related companies including Bitmine, Circle, Bullish, Block Inc., and Coinbase. The total investment amounted to over $9.8 million. Ark’s actions reflect the company’s long-term interest in crypto despite the ongoing market slump.
LATEST: 💰 ARK Invest bought additional Robinhood, Circle and Bitmine shares as crypto stocks slumped on Monday, continuing its buy-the-dip accumulation strategy. pic.twitter.com/qhCjEK3YcF
— CoinMarketCap (@CoinMarketCap) February 3, 2026
On Tuesday, February 3, Ark Invest acquired $3.25 million worth of shares in Bitmine, a leading Ethereum treasury firm. Additionally, the firm added $3.46 million to its Bullish exchange stock and $2.4 million in Circle, a major stablecoin issuer. Smaller positions were also taken in Block Inc. and Coinbase, which amounted to a total of $2.4 million.
Crypto Market Decline Drives Discounted Stock Prices
The crypto market has faced a noticeable slump, with major assets such as Bitcoin and Ether seeing price declines. As of February 3, Bitcoin was trading at $76,321, down 3% over the last 24 hours, and Ether fell 3.1% to $2,264. This downturn has affected various crypto-related stocks, including those Ark Invest has recently purchased.
Stocks of Bitmine, Bullish, Circle, Block Inc., and Coinbase all experienced declines. Bitmine, for instance, closed down by 1.9%, while Circle saw a drop of 4.6%. Bullish fell by 3.9%, Block dropped 6%, and Coinbase was down by 4.3%. Despite the market downturn, Ark Invest has seen this as an opportunity to acquire shares at discounted rates.
Cathie Wood’s Optimism Despite Market Conditions
Cathie Wood, CEO of Ark Invest, has expressed a cautiously optimistic outlook on the future of crypto assets. Despite the current market struggles, she remains confident that the crypto industry could eventually see a recovery.
Wood highlighted in a recent post that the price of gold may be a sign of Bitcoin’s potential for a bull run. “The correlation between Bitcoin and gold prices has been 0.14 since early 2020, with gold leading the last two significant bull moves in Bitcoin prices,” she wrote.
Wood has also pointed out that inflation could turn negative in the near future. According to recent data, the consumer price inflation rate has dropped to 0.86% year-over-year. This is well below the 2-3% range that had been typical over the last two years. Wood’s views indicate that Ark Invest is betting on a long-term rebound in crypto prices.
Ark Invest’s Strategy: Long-Term View on Crypto Stocks
Ark Invest’s continued investment in crypto-related stocks, even as the market faces setbacks, suggests a long-term strategy. The firm has demonstrated a willingness to buy stocks when prices are low, with the expectation that they will rebound over time. This approach has been consistent throughout Ark Invest’s history, as the firm looks to capitalize on innovative sectors, including cryptocurrency.
The crypto slump has left many companies in the industry trading at discounts, and Ark Invest is strategically increasing its exposure to these companies. The firm’s actions on February 3 follow similar moves made just a day earlier, showing their commitment to the sector even amid volatility.
As Ark Invest continues to build its portfolio in the crypto space, it remains to be seen how the market will evolve in the coming months. However, with a focus on long-term growth, the firm’s strategy could pay off once the market recovers.
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