Crypto Reporter
Shalini Nagarajan
Crypto Reporter
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Cathie Wood’s Ark Invest kept buying into the crypto slump, adding to positions tied to digital assets as Bitcoin steadied in the mid $70,000s and sentiment stayed fragile.
Trade disclosures showed the firm’s ETFs bought about $3.25M of Bitmine Immersion Technologies on Tuesday, adding exposure to a stock that has tracked the broader slide in crypto-linked names.
The firm also added roughly $2.4M of Circle Internet Group through its funds, according to the same filings.
In addition, Ark picked up about $3.5M of Bullish, and it bought about $630,606 of Coinbase.
Ark Steps Up Buying As Bitcoin Slips And Risk Appetite Weakens
The purchases landed in a market still shaped by deleveraging and shaky risk appetite. Bitcoin had slipped below $80,000 earlier in the week, and the pullback kept pressure on crypto-related equities as investors reassessed how much risk they wanted to carry.
Ark’s Tuesday trades followed a heavier round of buying on Monday, when the firm disclosed about $24.8M of added exposure across several crypto-exposed names, with Robinhood and Bitmine among the biggest adds.
That earlier filing included roughly 235,077 shares of Robinhood valued at about $21.1M, alongside 274,358 shares of Bitmine worth roughly $6.2M, based on the disclosed figures.
Long-Term Crypto Thesis Drives Ark’s Buy-The-Dip Strategy
The buying fits Ark’s long-running view that steep drawdowns can create entry points in public markets linked to crypto infrastructure, trading and stablecoins, especially when liquidity thins and volatility shakes out fast money.
In its Big Ideas 2026 report, Ark laid out the upside it still sees in the sector. The firm said the market “could grow at an annual rate of ~61% to $28 trillion in 2030”.
The firm also expects Bitcoin to dominate that mix. “We believe Bitcoin could account for 70% of the market,” it said, with the remainder led by smart contract networks such as Ethereum and Solana.
