TLDR
- ARK Invest added $21.8 million across Coinbase, Circle, and Bullish on January 23, 2026
- Coinbase position at $393.1 million represents ARK’s largest crypto holding at 4.76% of ARKK fund
- Q4 2025 saw crypto stocks hurt ARK performance with Coinbase as top detractor and trading volumes down 9%
- Wood projects $28 trillion crypto market by 2030 with Bitcoin potentially hitting $950,000 to $1 million per coin
- ARK’s total crypto portfolio exposure now exceeds $1.3 billion across six different companies
Cathie Wood’s ARK Invest made strategic crypto purchases on January 23, 2026. The firm bought stakes in three blockchain companies as prices remained under pressure.
ARK Innovation ETF acquired 38,854 Coinbase Global shares. ARK Fintech Innovation ETF purchased an additional 3,325 shares. Combined purchases totaled $9.4 million in Coinbase stock.
The investment firm bought 129,446 Circle Internet Group shares across both funds. This position was valued at $9.2 million. Circle operates as the issuer behind USDC stablecoin.
ARK added 88,533 Bullish shares worth $3.2 million. Coinbase traded at $216.95 on January 23, declining 2.77%. Circle slipped 0.03% while Bullish dropped 2% to close at $35.75.
The firm simultaneously reduced other holdings. ARK sold 12,400 Meta Platforms shares valued at $8.03 million.
Crypto Downturn Weighs on ARK Returns
The fourth quarter of 2025 proved challenging for ARK’s crypto investments. Coinbase emerged as the largest performance detractor across several funds.
ARK’s quarterly report identified crypto-linked stocks as major sources of weakness. Coinbase shares declined more sharply than Bitcoin and Ethereum. Spot trading volumes on centralized exchanges fell 9% quarter-over-quarter.
The volume decline followed October’s liquidation event. Coinbase impacted ARK Next Generation Internet ETF, ARK Fintech Innovation ETF, and ARK Innovation ETF. Roblox ranked as the second-largest drag despite posting solid third-quarter bookings growth.
The gaming platform faced headwinds after warning about 2026 operating margins. Russia’s ban on Roblox added further pressure. Both crypto and tech positions weighed on quarterly returns.
Wood’s Long-Term Bitcoin Vision
Wood entered the Bitcoin market in 2015 through Grayscale’s Bitcoin Investment Trust. Bitcoin traded around $200 during that period. ARK required New York Stock Exchange permission for the allocation.
The firm faced a 1% position limit initially. Wood encountered skepticism from traditional finance professionals. Bitcoin ETFs and regulated futures didn’t exist at the time.
Wood emphasizes Bitcoin’s fixed supply of 21 million coins. She frames the asset as infrastructure rather than pure speculation. This messaging has remained consistent since 2015.
Market Forecast and Portfolio Details
ARK forecasts the crypto market expanding to $28 trillion by 2030. Bitcoin would comprise approximately 70% of total value. The projection assumes 61% compound annual growth.
With 20.5 million Bitcoin circulating by 2030, ARK’s model suggests prices between $950,000 and $1 million. Growing institutional participation supports this outlook. Bitcoin ETFs and corporate buyers increased supply ownership in 2025.
ARK currently maintains $393.1 million in Coinbase, making up 4.76% of ARKK. Circle represents $204.5 million or 2.48% of the fund. Bullish accounts for $125.3 million or 1.52%.
Robinhood totals $336.2 million or 4.07% of ARKK. Block comprises $122.0 million or 1.48%. Bitmine Immersion Technologies stands at $196.6 million or 2.38%.
ARK’s combined crypto exposure across all companies exceeds $1.3 billion. The January 23 purchases marked the firm’s first crypto trades of 2026. Digital asset prices have continued sliding from late 2024 peaks into the new year.
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