Cathie Wood Loads Up $93M More in Crypto Stocks — Circle, Coinbase, Block and Bullish
Cathie Wood’s ARK Invest pushed deeper into the crypto sector this week, including one other wave of purchases throughout a number of beaten-down digital-asset-linked shares because the broader market continued to slip.
The funding agency spent greater than $93 million on Tuesday alone, extending a month-long sample of shopping for into weak spot as crypto equities battle to get better from sharp November losses.
Cathie Wood Doubles Down on Crypto Equities as Sector Posts Its Sharpest Monthly Drop
The newest accumulation got here on Tuesday, when ARK disclosed new purchases price $13.5 million in Block, $7.6 million in Circle Internet Group, and $3.86 million in Coinbase.
ARK additionally purchased $1.52 million price of Bullish, $878,794 in Robinhood, and a further $2.8 million of its personal ARK-21Shares Bitcoin ETF.
Most of the shopping for exercise flowed by means of the flagship ARK Innovation ETF, the place Coinbase stays the fourth-largest holding at $391 million, representing 5.22% of the portfolio. ARKK additionally holds $179 million in Circle, or 2.39% of the fund, and $85.2 million in Block.
ARK’s renewed shopping for arrives as crypto-related equities face sharp month-to-month declines and thinning market liquidity.
Block is down 20.54% over the previous month regardless of closing up 2.96% on Tuesday. Circle has fallen 51.07% from its late-October degree, and Coinbase has dropped 30% over the previous month.
The sell-off has broadly tracked the weak spot in digital property, with Bitcoin now trading below $88,000 after peaking at $126,000 simply six weeks in the past.
ARK Invest Absorbs the Sell-Off; Last Week It Added $42M in Crypto Stocks
The downturn has not slowed ARK Invest’s technique of shopping for into falling markets.
On November 20, ARK executed one of its largest single-day allocations of the month, deploying $42 million throughout Bullish, Circle, and BitMine Immersion Technologies.
ARK Invest crypto shares purchases hit $42M throughout @circle, @Bullish, & @BitMNR—regardless of sharp declines. #CryptoStocks #ARKInvest #CathieWoodhttps://t.co/HKrg6Ey5I5
— Cryptonews.com (@cryptonews) November 20, 2025
The agency purchased almost $17 million of Bullish because the inventory dropped 3.6%, added $15 million of Circle throughout an virtually 9% decline, and invested about $7.6 million in BitMine because it fell sharply.
Earlier, on November 4, ARK purchased $11.98 million more of Bullish, bringing its complete funding in the trade to greater than $209 million since its August itemizing.
@ARKInvest, led by @CathieDWood, has acquired one other $12M in @Bullish shares regardless of the inventory’s latest decline since its NYSE debut.https://t.co/YR2RfkIXKc
— Cryptonews.com (@cryptonews) November 4, 2025
ARK has additionally prolonged the dip-buying technique past crypto. The agency elevated its place in CoreWeave after the inventory fell almost 45% in latest weeks and resumed buying Nvidia in November following the chipmaker’s post-earnings pullback.
It additionally added stakes in Klarna, Roblox, and different tech names which have confronted vital declines since mid-October.
ARK Invest’s Volatile Track Record Raises Questions About Long-Term Crypto Bet
Whether this technique will show worthwhile stays unsure. ARK has traditionally embraced a high-risk, long-horizon method centered on disruptive applied sciences.
This mannequin delivered distinctive returns in 2020 when ARKK rose greater than 150%, however the momentum reversed sharply in 2021 and 2022. ARKK fell almost 67% throughout that interval and has struggled to reclaim these highs.
The fund posted destructive returns throughout the final six and three months and noticed heavy outflows in latest weeks.
Notably, the ARK Invest portfolio, now worth $14.7 billion, goals to concentrate on revolutionary and disruptive firms
Other funds hardly ever mirror ARK’s method as a result of it relies on a concentrated portfolio, long-term conviction, and a tolerance for prolonged drawdowns.
Most institutional funds prioritize stability and diversification. Their mandates usually restrict giant exposures to risky, unprofitable, or extremely correlated firms.
Wood’s funding model additionally departs from conventional valuation frameworks, which emphasize money movement, margins, and near-term earnings visibility.
ARK as a substitute targets corporations that will not be worthwhile at present however that, in Wood’s view, might outline future monetary and technological infrastructure.
Wood’s curiosity in crypto-linked property predates this 12 months’s exercise. ARK gained bitcoin publicity as early as 2015 by means of the Grayscale Bitcoin Trust. The agency bought almost $250 million price of Coinbase shares on its public debut in 2021 and launched its spot bitcoin ETF in 2024.
Since then, crypto-related shares have remained amongst ARK’s most energetic buying and selling positions.
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