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Cathie Wood’s Ark Invest capitalized on the ongoing cryptocurrency downturn by significantly increasing exposure to digital asset-linked equities, purchasing shares in Bitmine Immersion Technologies (BMNR) and Circle Internet Group (CRCL) across its ETFs.
Trade disclosures show Ark acquired approximately $6.3 million in Bitmine (Ethereum treasury and mining firm) and $9.4 million in Circle (USDC stablecoin issuer) on February 2, 2026, as part of a broader ~$72 million crypto-related buying spree that included Coinbase, Robinhood, Bullish, CoreWeave, and Block. On February 3, Ark added further positions: roughly $3.25 million in Bitmine and $2.4-3 million in Circle, reinforcing its strategy amid market weakness.
The moves follow Bitcoin’s sharp pullback to lows near $74,000-$76,000, driven by risk-off sentiment, tech stock selloffs, deleveraging, and liquidations. Crypto-linked equities mirrored the decline, with Circle and Bitmine shares dropping over 20% in recent trading sessions—creating perceived buying opportunities for long-term believers.
Ark views Bitmine as aligned with Ethereum’s infrastructure growth (holding over 4.285 million ETH, staked for yield) and Circle as central to regulated stablecoins and tokenized finance. Post-purchases, Ark holds ~$228 million in BMNR (16th-largest position) and ~$248 million in CRCL (15th-largest), with Coinbase at ~$425 million (7th-largest).
Cathie Wood has consistently championed blockchain’s disruptive potential, predicting multi-year upside despite volatility. Analysts interpret the aggressive accumulation as confidence in fundamentals over short-term noise, though macro uncertainty and fragile sentiment could sustain pressure.
The trades highlight institutional willingness to lean into corrections in crypto equities. Ark has not signaled a broader plan but continues demonstrating commitment to the sector through persistent dip-buying. Markets await further data on whether these bets catalyze a rebound.
