Cathie Wood’s ARK Invest added to its crypto equity positions on Monday, buying shares of Coinbase, Bullish, Circle and several mining and infrastructure firms as a continued selloff weighed on listed digital-asset stocks.
The firm moved to take advantage of falling prices as some of the sector’s largest publicly traded names extended a multi-day decline. According to an email disclosure, ARK allocated roughly $59 million to crypto-related equities, including about $16.3 million in Coinbase, approximately $5.2 million in Bullish and around $10.8 million in Circle Internet Group. Further purchases included roughly $17 million of Bitmine Immersion Technologies and about $9.9 million of CoreWeave.
The buying followed several sessions of weakness across the sector. Bitmine dropped more than 11% on the day, Circle fell nearly 10%, CoreWeave slid close to 8%, Coinbase declined over 6% and Bullish continued its multi-day retreat as selling pressure intensified.
ARK has consistently favored buying into drawdowns rather than chasing rallies, often using prolonged selloffs in crypto equities to build exposure even as prices continue to fall.
Crypto-linked stocks make up a sizable share of ARK’s holdings. 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 roughly $140 million in CoreWeave, underscoring that the latest purchases added to already significant positions.
