Cathie Wood’s ARK adds $43.5M in crypto stocks during market dip

Cathie Wood’s ARK Invest purchased $43.5 million worth of crypto-related stocks over three trading days during a broader market dip. Coinbase and Circle were the firm’s largest crypto stock purchases in that period.

The buying stands out because it came as shares of both companies faced sustained pressure. Coinbase stock had fallen 17% over the previous month, while Circle shares had declined 27.6%.

The purchases increased ARK’s exposure to two prominent publicly traded companies tied to the cryptocurrency sector. Coinbase operates in crypto trading, while Circle is closely associated with digital-asset infrastructure.

ARK’s activity shows the investment firm adding to crypto-linked positions as valuations declined. The available figures do not indicate how the purchases changed ARK’s overall portfolio allocation or whether further buying is planned.