Cathie Wood’s ARK Invest increased its exposure to crypto-related equities on Monday, adding shares of Coinbase, Bullish, Circle and several mining and infrastructure firms as a sustained selloff pushed listed digital-asset stocks deeper into losses.
The firm moved to buy into the weakness as some of the sector’s largest publicly traded names extended a multi-day decline. According to an email disclosure, ARK committed roughly $59 million to crypto-linked stocks, including about $16.3 million of Coinbase, approximately $5.2 million of Bullish and around $10.8 million of Circle Internet Group. Additional purchases totaled roughly $17 million in Bitmine Immersion Technologies and about $9.9 million in CoreWeave.
The buying took place amid accelerating losses across the sector. Bitmine dropped more than 11% on the day, Circle slid nearly 10%, CoreWeave fell close to 8%, Coinbase declined over 6% and Bullish continued its multi-session retreat as selling pressure intensified.
ARK has a long-standing approach of adding exposure during drawdowns rather than chasing rallies, frequently using extended selloffs in crypto equities to build positions even as prices continue to fall.
Crypto-linked stocks make up a substantial share of ARK’s holdings. The firm’s positions include 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 about $140 million in CoreWeave, highlighting that the latest buying added to already sizable stakes across the sector.
