by Coinstrooper Crypto Articles
Quick Take
  • Other purchases include $9.4 million worth of Circle, $6 million worth of Bullish, $1.9 million worth of Block Inc., and $1.25 million worth of Coinbase.
  • The moves came as crypto-related stocks opened the week in negative territory.
  • Robinhood and Circle were down close to 10% and 8%, respectively, while BitMine and Bullish fell more than 9% and 4%.
  • Other major names tied to the sector, including Coinbase, Strategy, Metaplanet, and Galaxy Digital, also posted losses.

What Happened

Cathie Wood’s Ark Invest revealed on Monday that it stepped deeper into crypto-linked stock despite a broad slump in both cryptocurrency prices and exchange stocks.

For example, it acquired $42 million worth of such stocks in November 2025 following the 9.6% Stock Crash.

As of early February 2026, Ark Investment Management oversees roughly $16.8 billion in assets, with the ARK Innovation ETF accounting for about $6.98 billion.

Coinbase delivered ARK Invest’s largest quarterly drag in Q4 2025, as crypto market volatility sent the exchange’s shares sharply lower and weighed on Cathie Wood’s flagship ETFs.

Market Context

The firm added roughly $24.8 million worth of positions despite the previous week being marked by falling volumes, declining liquidity, and renewed risk aversion across digital asset markets.

The largest single purchase was 235,077 shares of Robinhood, valued at about $21.1 million at current prices, alongside 274,358 shares of BitMine worth roughly $6.2 million within the ARKK fund.

The broader backdrop has been a sharp contraction in trading activity across centralized crypto exchanges.

Spot trading volumes have fallen from around $2 trillion in October to roughly $1 trillion by the end of January, according to industry data.

Robinhood has been comparatively resilient, declining about 16%, but still trading well below its recent highs.

Ark has also continued to add to its spot Bitcoin product, the ARK 21Shares Bitcoin ETF, even as prices retraced.

ARK said Coinbase was the top detractor across its funds amid a 9% quarter-over-quarter decline in spot trading volumes.

In its Big Ideas 2026 report, the firm forecast the crypto market could grow to $28 trillion by 2030, led by Bitcoin, which ARK expects to account for about 70% of total market value as institutional adoption deepens.

Why It Matters

Trade disclosures released Monday show that Ark purchased shares of several crypto-exposed companies, including Robinhood, Circle, Block Inc., BitMine Immersion Technologies, Coinbase, and Bullish.

ARK Scoops Up Robinhood, BitMine, and Circle Despite Weak Crypto Week

Details

The buying activity was spread mainly across the firm’s flagship ARK Innovation ETF and the ARK Blockchain & Fintech Innovation ETF, with additional exposure added through the ARK Next Generation Internet ETF.

Other purchases include $9.4 million worth of Circle, $6 million worth of Bullish, $1.9 million worth of Block Inc., and $1.25 million worth of Coinbase.

The moves came as crypto-related stocks opened the week in negative territory.

Robinhood and Circle were down close to 10% and 8%, respectively, while BitMine and Bullish fell more than 9% and 4%.

Other major names tied to the sector, including Coinbase, Strategy, Metaplanet, and Galaxy Digital, also posted losses.

The pullback followed renewed weakness in Bitcoin, which fell below $80,000 in February for the first time since April 2025 and is now down more than 37% from its October peak.

This slowdown has weighed heavily on exchange stocks, with shares of Coinbase having fallen more than 40% over the past six months, while Bullish is down nearly 57% over the same period.

Cathie Wood Bets Big on Crypto Despite Coinbase Drag in Q4 2025

Ark’s purchases are not isolated moves, as the firm has consistently added to crypto-related positions during periods of weakness.

Despite the setback, ARK struck an optimistic long-term tone.