Cathie Wood’s Ark Invest used a broad market pullback to increase its exposure to several crypto-related companies, stepping in as share prices slid across the sector on Monday.
According to daily trade disclosures, Ark Invest bought roughly $17 million worth of BitMine shares, $16.26 million of Coinbase stock, and $10.8 million of Circle Internet Group across three of its exchange-traded funds: ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF).
The firm also added smaller positions in other crypto-linked assets. Ark purchased about $5.94 million in Block Inc. shares, $5.2 million in Bullish exchange stock, and $1.24 million of its own Ark-21Shares Bitcoin ETF.
All six assets Ark bought were under pressure during the session. BitMine, described as the world’s largest Ethereum treasury company, dropped 11.22% to close at $30.95. Coinbase shares fell 6.37% to $250.42, while Circle declined 9.60% to $75.46. Block slipped 1.13%, Bullish lost 2.55%, and Ark’s spot Bitcoin ETF fell 4.91%.
The broader crypto market also moved lower. Bitcoin was down 4.08% at $85,799 late Monday, while ether declined 5.74% to around $2,931.
Ark’s buying comes amid continued volatility in both digital assets and crypto-focused equities. Earlier this month, Wood reiterated comments she has made in recent webinars, saying Ark is seeing early signs of deflationary pressures driven by technological innovation. She has suggested these trends could lead to a meaningful easing of inflation over the next year.
For now, Ark’s latest moves signal continued confidence in the long-term potential of crypto infrastructure and digital asset platforms, even as short-term market swings remain sharp.
