TLDR
- ARK Invest acquired $44 million in cryptocurrency stocks on Monday during market declines
- The firm bought $21.1 million in Robinhood and $9.4 million in Circle through ARKK and ARKF funds
- BitMine received $6.2 million in purchases while Bullish got $6 million in new positions
- Crypto stocks fell sharply with Circle down 7.9% and Robinhood dropping nearly 10%
- Cathie Wood highlighted gold’s rally as a potential signal for bitcoin’s next bull market
ARK Invest executed major purchases in digital asset stocks on Monday. The firm acquired over $44 million worth of shares across several cryptocurrency-related companies.
The buying activity occurred through multiple ARK exchange-traded funds. ARKK and ARKF led the purchases while the ARK Next Generation Internet ETF also participated.
Robinhood received the largest investment. ARK purchased 235,077 shares worth approximately $21.1 million at current market prices.
Circle captured the second-largest position. The stablecoin issuer received $9.4 million in investments spread across two different ARK funds.
BitMine shares totaling $6.2 million were added to the ARKK portfolio. ARK bought 274,358 shares of the Ethereum treasury firm.
Bullish crypto exchange received $6 million in new investments. Block Inc. and Coinbase rounded out the purchases with $1.9 million and $1.25 million respectively.
Stock Prices Tumble Across Sector
Monday proved difficult for cryptocurrency-related stocks. Robinhood shares fell almost 10% during the trading session.
Circle stock closed at $58.86, down 7.9% for the day. The company has lost 65% of its value over six months.
BitMine dropped 9% on Monday. Bullish declined 4.7% while Coinbase fell 3.5%.
The stock selloff mirrored weakness in cryptocurrency markets. Bitcoin traded at $78,641, representing a 10.9% decline over one week.
Ether showed even worse performance. The cryptocurrency fell 20% during the same seven-day period to reach $2,331.
Bitcoin Breaks Key Support Level
Bitcoin fell below $80,000 in February. The drop marked the first time the cryptocurrency traded under that price point since April 2025.
ARK’s recent buying represents the firm’s second increase in crypto exposure during market weakness. The asset manager made similar purchases in late January.
ARK’s ETFs have faced headwinds over recent months. The funds have struggled since the October cryptocurrency market crash.
Cathie Wood recently discussed market dynamics on social media platform X. She referenced gold’s recent price strength as a potential leading indicator.
Wood explained that bitcoin and gold have maintained a 0.14 correlation since early 2020. She observed that gold’s price movements preceded bitcoin’s previous two major bull runs.
The purchases demonstrate ARK’s commitment to cryptocurrency investments. The firm continues adding positions despite current market turbulence.
Trading volumes remain elevated across crypto-related stocks. Market participants watch for signs of stabilization in both equities and digital assets.
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