ARK Invest, famously led by Cathie Wood, shows unwavering support for
cryptocurrencies in spite of the volatile market. Recent reports reveal that ARK persistently bolstered its crypto stocks portfolio despite the prices' rollercoaster run notably in
Coinbase (COIN), Circle (CRCL), BitMine, and Bullish. It continued its buying spree even when these shares were recording losses. Interestingly, Wood’s company offloaded a significant amount of Tesla shares and reinvested in
Coinbase and Recursion Pharmaceuticals.
ARK purportedly made additional
$16.5Mn and
$25.4Mn acquisitions of Coinbase stocks amidst hinting towards a potential crypto rally. There is also news of ARK increasing stakes in Coinbase following the crypto exchange's 'System Update' and when Bitcoin price touched $93K. Some headlines further disclose that Wood offloaded a considerable chunk of Coinbase shares worth
$95Mn post COIN's surge to record highs.
ARK Invest's interest was not limited to Coinbase. A notable cash inflow was into
BitMine during its stock decline. The noteworthy point is ARK's massive haul of stocks worth
$59Mn despite the crypto market turmoil. Promisingly, the firm has also upped its Bitmine holdings after Ethereum's significant milestone.
All these amplified actions by ARK further demonstrate Cathie Wood's bullish outlook on cryptocurrency. The foresight doesn't stop there; it extends to
tokenization highlighting the firm's venture in BlackRock-backed securitize. Yet, there were some instances of selling shares, witnessed in the case of Coinbase and
Block Inc., during strategic portfolio rebalancing. ARK's ventures also extend into new territory with stakes in Nasdaq-Listed Solana Infrastructure Firm Solmate.
ARK Coin News Analytics from Tue, 01 Jul 2025 07:00:00 GMT to Sat, 20 Dec 2025 07:21:56 GMT -
Rating 7
- Innovation 4
- Information 7
- Rumor -3
