Cathie Wood’s ARK adds more than $70 million in crypto equities amid bitcoin pullback

Cathie Wood’s ARK Invest continued its trend of buying the dip on Monday, adding roughly $72 million in crypto-related equities as bitcoin briefly dipped below $75,000, pulling down shares linked to digital assets.

The purchases spanned ARKF, ARKK, and ARKW, with ARK boosting positions in exchanges, brokerages, and crypto infrastructure providers, including Robinhood, Circle Internet, Coinbase, Bullish, CoreWeave, Bitmine Immersion Technologies, and Block. (Bullish is the parent company of CoinDesk.)

Breakdowns across ARK’s funds included approximately $32.7 million in Robinhood (HOOD), $14.6 million in CoreWeave (CRWV), $9.4 million in Circle (CRCL), $6.3 million in Bitmine (BMNR), $6.0 million in Bullish (BLSH), $1.9 million in Block (XYZ), and $1.3 million in Coinbase (COIN).

The buying reflects ARK’s long-standing strategy of taking advantage of equity weakness tied to crypto volatility, betting that cyclical market downturns eventually give way to renewed adoption and higher transaction volumes. This follows a similar move in late January, when the firm spent $21.5 million on Coinbase, Circle, and Bullish shares as bitcoin fell under $90,000.

The purchases also support CEO Cathie Wood’s view that bitcoin can serve as a portfolio diversifier. ARK research shows that bitcoin’s correlations with stocks, bonds, and gold have historically been lower than the correlations among those traditional assets themselves, making crypto exposure a potential complement to existing portfolios.