Cathie Wood's ARK buys over $70 million of crypto stocks as bitcoin slides

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Cathie Wood's ARK buys over $70 million of crypto stocks as bitcoin slides Fresh buys in CRCL, COIN, and BLSH come as Cathie Wood’s funds lean into exchange and stablecoin names during a market dip By Sam Reynolds , AI Boost | Edited by Omkar Godbole Feb 3, 2026, 7:18 a.m. Make us preferred on Google Ark Invest's Cathie Woods (Danny Nelson, modified by CoinDesk) What to know : Ark Invest, led by Cathie Wood, has purchased about $72 million in crypto-related stocks across its ARKF, ARKK and ARKW funds as bitcoin weathers renewed market volatility. The firm added positions in Robinhood, Circle Internet, Coinbase, Bullish, CoreWeave, Bitmine Immersion Technologies and Block, with Robinhood and CoreWeave representing the largest individual buys. The buying spree reflects Ark’s strategy of leaning into equity weakness during crypto downturns and Wood’s view that bitcoin offers diversification benefits, following similar late-January purchases as bitcoin fell below $90,000. Cathie Wood's ARK continues to be a dip buyer, snapping up shares worth several million dollars on Monday as the market swoon offered bargain prices. The firm bought approximately $72 million worth of crypto stocks across its various funds as bitcoin fell briefly below $75,000, leading to widespread losses in crypto-linked equities. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . The purchases spanned exchanges, brokerages and infrastructure providers, with Robinhood, Circle Internet, Coinbase, Bullish, CoreWeave, Bitmine Immersion Technologies, and Block among the names added across ARKF, ARKK, and ARKW according to daily disclosures. Bullish is the parent company of CoinDesk. Across its funds, Ark Invest bought about $32.7 Million of Robinhood (HOOD), $14.6 Million of CoreWeave (CRWV), $9.4 Million of Circle (CRCL), $6.3 Million of Bitmine (BMNR), $6.0 Million of Bullish (BLSH), $1.9 Million of Block (XYZ), and $1.3 Million of Coinbase (COIN). The strategy aligns with Ark’s long-stated approach of buying into equity weakness tied to broader crypto volatility, betting that cyclical downturns eventually give way to renewed adoption and higher transaction volumes. The latest dip buying operation follows the firm’s $21.5 million late-January purchases of Coinbase, Circle and Bullish as bitcoin slid under $90,000. It also aligns with CEO Cathie Wood’s recent argument that bitcoin can be a “good source of diversification” for investors, citing Ark research showing the token’s correlations with stocks, bonds and gold have historically been weaker than those assets’ correlations with each other. ARK Invest Ark Cathie Wood AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .