Cathie Wood’s Ark Invest has made a bold move into the crypto sector, scooping up more than $70 million in shares across Circle, BitMine, and Bullish while cutting back on traditional tech stocks like AMD and Salesforce.
Key Takeaways
- Ark Invest purchased over $70 million in crypto-related stocks including $46 million in Circle, $24 million in BitMine, and nearly $10 million in Bullish over several days.
- The firm sold $22.5 million in AMD shares shortly after a stock rally, signaling a shift from traditional chipmakers to digital finance.
- BitMine’s Ethereum treasury now tops $11 billion, marking a major strategic pivot from mining to holding ETH, with new leadership announced.
- Ark’s latest buys come amid falling stock prices, reflecting a value-driven strategy during market pullbacks.
What Happened?
Ark Invest has significantly reshaped its portfolio by selling off big tech holdings and reinvesting in digital asset firms. Over multiple days in November, the investment firm led by Cathie Wood made substantial purchases in Circle, BitMine Immersion Technologies, and Bullish across several of its ETFs, indicating strong confidence in the future of crypto infrastructure and stablecoins.
Cathie Wood and Ark Invest bought 242,347 more shares of Bitmine $BMNR today pic.twitter.com/XHWZXFO5IN
— Evan (@StockMKTNewz) November 14, 2025
Ark Invest Bets Big on Crypto Payments and Infrastructure
In a series of trades disclosed through its daily filings, Ark Invest purchased:
- 542,269 shares of Circle, totaling approximately $46 million.
- Over 400,000 shares of BitMine, valued around $24 million.
- More than 80,000 shares of Bullish, worth nearly $10 million.
These acquisitions were spread across multiple funds including the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF), demonstrating a coordinated strategy across Ark’s thematic portfolios.
Circle, the issuer of the USDC stablecoin, received the largest investment. This stablecoin is one of the most widely used in the crypto ecosystem, bridging the gap between traditional finance and blockchain-based systems. Ark’s continued investment over two days signals deep confidence in Circle’s long-term role in digital payments.
BitMine, once a pure crypto-mining company, has now emerged as the largest public holder of Ethereum, with over 3.5 million ETH in its treasury valued at more than $11 billion. Alongside this strategic transformation, BitMine appointed Chi Tsang as its new CEO, replacing Jonathan Bates, and added three new independent board members to guide its institutional pivot.
Meanwhile, Bullish, a next-generation crypto exchange, received renewed backing despite a recent 6 percent dip in its share price. Ark’s buy-in suggests a belief in Bullish’s innovative model that combines blockchain technology with traditional exchange frameworks.
A Strategic Rotation from Tech to Digital Assets
To fund its crypto surge, Ark Invest sold $22.5 million worth of AMD shares, just days after the chipmaker’s Analyst Day rally. The timing indicates profit-taking and a shift in focus away from semiconductors toward emerging financial infrastructure.
Other sales included:
- $15.6 million in Pinterest.
- $8.2 million in Regeneron.
- $5.4 million in Salesforce.
Despite these reductions, Ark continued to add to its biotech exposure with new purchases in Beam Therapeutics ($3.1 million) and Recursion Pharmaceuticals ($1.2 million), reflecting a dual strategy balancing health innovation with blockchain investments.
CoinLaw’s Takeaway
In my experience watching Ark Invest’s plays, this kind of aggressive realignment usually signals a strong conviction about where the market is heading. I found it especially interesting that Ark is doubling down on crypto while prices are slipping. That tells me they see these pullbacks as buying opportunities, not warning signs. With Circle expanding USDC’s footprint and BitMine shifting from mining to becoming a long-term ETH vault, Ark’s moves feel less speculative and more like a long-term bet on the backbone of tomorrow’s financial systems. If you’ve been on the fence about crypto equities, this might be a signal worth paying attention to.
