ARK Invest increased its crypto holdings amid a market sell-off

Cathie Wood’s ARK Invest increased its exposure to several crypto-linked companies, taking advantage of the market downturn. According to a trade disclosure, the firm bought shares of Robinhood, Circle, Block, BitMine, Coinbase, Bullish, and other companies operating in the digital economy.

Most of the purchases were allocated across two funds – the ARK Innovation ETF (ARKK) and the ARK Blockchain & Fintech Innovation ETF (ARKF). A third fund, the ARK Next Generation Internet ETF, also expanded its crypto exposure.

The largest additions were 235,077 shares of Robinhood worth roughly $21.1 million and 274,358 shares of BitMine valued at about $6.2 million – both added to ARKK. The full breakdown of transactions is shown on the trade summary chart on page 2.

Wood’s increased interest in the crypto sector comes as tech and blockchain stocks suffered steep declines early in the week. Robinhood dropped nearly 10%, Circle fell 8%, BitMine slid 9.16%, and Bullish declined 4.47%. Additional pressure hit Coinbase, Strategy, Metaplanet, and Galaxy Digital.

Crypto markets also weakened: Bitcoin price dipped below $80,000 in February for the first time since April 2025. The drop continued the negative trend that began after October’s crash, from which the market still has not recovered.

Despite the downturn, ARK is sticking to its strategy of “buying the dip,” increasing positions in companies Wood believes will benefit long term from the expansion of crypto infrastructure, stablecoin adoption, and rising institutional demand.

The first wave of position increases began late last month, when ARK also purchased crypto-related stocks during market pressure. This underscores the firm’s conviction that the current correction does not derail the sector’s fundamental growth.

With ARK adding aggressively while the broader market declines, investors are now asking whether the strategy will prove a successful counter-cyclical play – or whether continued macro pressure will weigh further on crypto assets. For now, the fund is expanding its positions, betting on a longer-term recovery of the industry.