Cathie Wood’s ARK Invest has made another bold move into crypto equities, scooping up over $25 million in Coinbase, Bullish, and Bitmine shares during a turbulent market session.
Key Takeaways
- ARK Invest bought $25.4 million in crypto stocks including Coinbase, Bullish, and Bitmine Immersion Technologies on a day when crypto prices fell.
- Bitmine saw the largest purchase with $14 million in shares acquired across multiple ARK ETFs despite its stock falling more than 6 percent.
- Coinbase and Bullish also saw major buys, with ARK purchasing $5.9 million and $8.85 million worth of shares respectively.
- The buying spree reflects ARK’s strategy of acquiring discounted assets during market downturns, betting on long-term growth in the crypto sector.
What Happened?
On a volatile day for digital assets, ARK Invest significantly boosted its holdings in three major crypto-linked stocks. As the prices of Bitcoin and Ethereum dipped, the firm led by Cathie Wood seized the opportunity to add exposure at lower valuations. The total investment across the three companies amounted to $25.4 million.
🚨 ARK CONTINUES ACCUMULATING BITMINE
— BMNR Bullz (@BMNRBullz) December 18, 2025
Cathie Wood is still buying BitMine ($BMNR) under $30.
Today alone, ARK Invest added 360,232 shares across 3 separate funds:
🔹 ARKK
🔹 ARKW
🔹 ARKF
This isn’t a trade.
It’s repeated accumulation.$ETH / $BMNR pic.twitter.com/kEjM8yDwYd
ARK Invest Bets Big Amid Market Slump
ARK Invest has built a reputation for increasing its crypto exposure during turbulent market periods. On Wednesday, the firm bought 478,125 shares of Bitmine Immersion Technologies (BMNR), a company known for holding a large Ethereum treasury. The purchase, valued at approximately $14 million, was spread across ARK’s ETFs including ARKF, ARKK, and ARKW.
Bitmine’s stock had fallen over 6.5 percent to $29.32, driven by a broader pullback in Ethereum, which dropped 4 percent that day. The company holds around 3.97 million ETH, more than 3 percent of the global Ethereum supply, making it especially sensitive to ETH price movements.
Coinbase and Bullish Join ARK’s Buy List
Alongside Bitmine, ARK also acquired 24,198 shares of Coinbase (COIN), valued at about $5.91 million. Coinbase shares fell 8.6 percent to $244.19, but the platform has recently announced new features including stock trading and tokenized asset trading, hinting at broader ambitions.
ARK further added 209,886 shares of crypto exchange Bullish (BLSH), worth $8.85 million. Bullish has shown positive momentum, having recently beaten revenue expectations in its third-quarter earnings report, but its stock still dipped 1.93 percent to $42.15 on Wednesday.
ARK’s Broader Crypto Exposure Strategy
These buys came just two days after a separate $60 million buying spree, and continue ARK’s pattern of using market downturns as entry points. According to recent filings, ARK currently holds about $609 million in Coinbase, $323 million in Circle, and $275 million in Bitmine across its ETFs.
ARK’s approach contrasts with the typical retail investor reaction during market slides. Instead of selling, Cathie Wood’s team continues to accumulate. The latest purchases also come amid institutional unease following recent Federal Reserve policy announcements, which have added to volatility across both traditional and crypto markets.
Portfolio Shifts: Shopify Trimmed
While increasing its crypto positions, ARK also reduced its stake in Shopify, selling 65,302 shares valued at around $10.6 million. Despite Shopify’s strong Q3 earnings and record-breaking sales during the Black Friday to Cyber Monday period, ARK appears to be reallocating capital towards the crypto and fintech sectors, where it sees more upside potential.
CoinLaw’s Takeaway
I see this as a textbook Cathie Wood move. In my experience covering ARK’s strategies, the firm doesn’t flinch during volatility. Instead, they lean in harder, buying more when others are pulling back. It’s clear they believe strongly in crypto’s long-term trajectory, and this latest $25.4 million investment sends a strong message: ARK is in crypto for the long haul. Personally, I find their conviction admirable, especially when it goes against the grain of market sentiment.
