Amid a sharp decline in Bitcoin and increasing market tension, ARK Invest CEO Cathie Wood has chosen to buy more crypto-related stocks against the trend. As Bitcoin fell below $70,000 for the first time since November 2024, the volatility in the digital asset market significantly increased, but ARK’s actions are seen as a renewed bet on the industry’s long-term value.
On February 3, ARK purchased shares of companies including COIN, Circle, BitMine Immersion Technologies, and Bullish through multiple funds. Among them, ARK spent over $1.3 million to buy 3,510 shares of COIN. Circle, as the issuer of USDC, also received increased holdings from two of ARK’s core funds, totaling approximately $8.7 million. ARKK bought 34,342 shares, and ARKF bought 8,536 shares.
Meanwhile, ARK also increased its holdings in BitMine by about $6 million, acquiring 145,488 shares. The company, chaired by Tom Lee, is involved in Bitcoin mining and Ethereum asset allocation. Bullish was also added to the list of increased holdings, with ARK acquiring 125,218 shares valued at about $3.5 million. The company was early supported by Block.one and received investment from Thiel Capital, owned by Peter Thiel.
On February 4, ARK continued to buy shares of Bullish and Circle, while also increasing its holdings in its own Bitcoin ETF products. By February 5, COIN accounted for 4.29% of ARK Innovation ETF’s portfolio, ranking as the fifth-largest holding; the weights of Circle, BitMine, and Bullish in the fund also continued to rise.
These moves occurred amid a dramatic adjustment in the crypto market. On February 5, Bitcoin briefly dropped to around $67,700, with a 24-hour decline of nearly 8%, and the total market capitalization of global crypto assets fell back to approximately $2.59 trillion. Sentiment indicators showed the market entering an “extreme panic” zone, with daily liquidations exceeding $750 million.
In a highly volatile environment, Cathie Wood’s continued buying is interpreted by some investors as a long-term bullish outlook on blockchain infrastructure and the crypto financial ecosystem. Despite short-term price pressures, ARK’s allocation strategy indicates that it is positioning itself in advance for the next industry cycle.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pierre Rochard’s warning about the Bitcoin gap in the Basel III revision
Pierre Rochard warns that the U.S. regulatory approach to Bitcoin in the Basel III revision lacks clarity. He emphasizes the need for transparent criteria and data for banks to manage Bitcoin risks, cautioning that ambiguity may hinder financial innovation and compliance.
TapChiBitcoin5m ago
Bitcoin Price Drops Below $70K as Short-Term Holders Hit Mass Capitulation
After another unsuccessful attempt to decisively reclaim the $72,000 resistance, bitcoin’s price dipped by two grand again, slipping below $70,000.
Popular analyst Michaël van de Poppe weighed in on BTC’s longer-term performance, explaining why the current environment could be a “great time to
CryptoPotato23m ago
Pierre Rochard warns US regulators over Bitcoin gap in Basel rewrite
Pierre Rochard, CEO of The Bitcoin Bond Company, warned US banking regulators that their sweeping Basel III capital rewrite leaves unresolved how Bitcoin-related activities should be treated, a gap he says could create legal risk and shape how much capital banks must hold against the asset.
In a
Cointelegraph28m ago
Bitcoin Rebounds From New Monthly Lows, Ethereum Reclaims $2K: Market Watch
Bitcoin experienced volatility with a dip to a monthly low followed by a rebound. Ethereum also marked gains, surpassing $2,050. Despite some altcoins struggling, the overall crypto market cap rose to over $2.4 trillion.
CryptoPotato29m ago
Bearish Analyst Expects BTC Rally Between $79,000 – $84,000 Before a Massive Dip to Lower Targets
Bearish analyst expects BTC rally between $79,000 – $84,000.
This is expected to be followed by a massive dip in BTC price.
The analyst expects BTC to bottom between $35,000 and $45,000.
The crypto market is near sure that the month of March will close in red, marking the sixth
CryptoNewsLand35m ago
