ARK Invest, led by Cathie Wood, is reinforcing its conviction in crypto infrastructure. The firm purchased shares in three key companies during a recent market selloff.
The firm spent approximately $2.1 million. It acquired 9,014 shares of Coinbase, the largest U.S. crypto exchange, for about $1.28 million. It also bought 9,264 shares of Circle Internet Group for $637,000. Circle is the issuer of the USDC stablecoin. The firm completed the purchases with 9,136 shares of Bullish, the crypto exchange backed by Peter Thiel, for $200,000.
This activity follows a larger $21.5 million investment in the same three securities in late January. That purchase was the first in these names since mid-December 2025.
The moves highlight a pattern of ARK buying during downturns. Coinbase's revenue is tied to transaction fees, making it cyclical. Circle's model is more linked to interest rates and stablecoin demand.
The trading activity typically spans multiple ARK ETFs, meaning these positions are distributed across several funds.