Ark Invest snaps up $59 million in stocks as crypto rout deepens.

Cathie Wood’s ARK Invest added to its crypto equity exposure on Monday, buying shares of Coinbase, Bullish, Circle and several mining-related firms as a broad selloff drove listed digital-asset stocks further into the red.

ARK moved to take advantage of the downturn as some of the sector’s largest publicly traded names extended a multi-day decline. According to an email disclosure, the firm spent roughly $59 million on crypto-linked stocks, including about $16.3 million of Coinbase, around $5.2 million of Bullish and roughly $10.8 million of Circle Internet Group. Additional allocations included approximately $17 million of Bitmine Immersion Technologies and about $9.9 million of CoreWeave.

The purchases came as selling pressure intensified across the space. Bitmine slid more than 11% on the session, Circle fell nearly 10%, CoreWeave dropped close to 8%, Coinbase declined over 6% and Bullish extended its recent losses as the downturn deepened.

ARK has a well-established pattern of buying into weakness rather than chasing rallies, often using prolonged drawdowns in crypto-related equities to increase exposure even as prices continue to slide.

Crypto-focused investments account for a sizable portion of ARK’s portfolio. The firm now holds roughly $609 million in Coinbase, about $323 million in Circle Internet Group, around $275 million in Bitmine Immersion Technologies, approximately $194 million in Bullish and roughly $140 million in CoreWeave, underscoring that the latest purchases built on already significant positions.