Cathie Wood’s ARK Loads up on Circle, BitMine, Bullish as Crypto Stocks Slide

Why It Matters

ARK’s aggressive accumulation signals confidence in the long‑term value of crypto infrastructure firms despite short‑term price weakness, potentially anchoring investor sentiment and supporting liquidity in a lagging sector.

Summary

Cathie Wood’s ARK Invest increased its crypto‑related exposure on Wednesday, buying roughly $39 million of shares in Bullish, Circle Internet Group and BitMine across its ARKF, ARKW and ARKK ETFs. The ARK Innovation ETF alone purchased 322,917 Bullish shares ($16.8 million), 150,518 Circle shares ($15 million) and 181,774 BitMine shares ($7.6 million). The purchases came as the three stocks fell sharply—Bullish down 3.6%, Circle nearly 9% and BitMine 9.5%—amid a broader retreat in crypto‑linked equities. The buying follows a week‑long crypto‑stock buying spree by ARK, even as Nvidia’s blowout earnings lifted tech and crypto‑linked sentiment.