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
BTC breaks through $71,500, rising 4.5% in a single day, with multiple analysts' opinions diverging
March 10th, Bitcoin rose approximately 4.5%, breaking through $71,500. Despite tense tensions in the Middle East, analysts have differing views on the future market. Some believe the short-term bulls are in the lead, while others remain cautious of a potential pullback and are watching key support levels.
GateNews13m ago
Strategy Breaks Record with One-Day STRC Stock Sale
Strategy Inc. achieved record trading volume with its Stretch preferred stock issuance, raising capital to fund aggressive Bitcoin acquisitions. The firm continues to leverage capital markets, enhancing its position as a leading corporate Bitcoin holder.
DailyCoin18m ago
In the past 24 hours, the entire network has been liquidated by $365 million, with BTC liquidations totaling $132 million.
In the past 24 hours, the total liquidation amount in the cryptocurrency market reached $365 million, with long positions liquidated at $157 million and short positions at $207 million. BTC and ETH were liquidated at $132 million and $70.34 million respectively, with a total of 92,499 people liquidated. The largest single liquidation was $8.083 million.
GateNews43m ago
Bitcoin Rises as Trump Amplifies Iran Threats, Fed Rate Cut Chances Fall Near Zero
Bitcoin's price hovers near $71,000 despite a 3% increase, as geopolitical tensions and the Federal Reserve's rate policy create market uncertainty. Oil prices have declined from recent peaks, and crypto markets face liquidation pressures amid mixed investor sentiment.
Decrypt43m ago
Crypto and TradFi Divergence Defines 2026 Market Resilience Amidst Bitcoin Sell-Off
March 2026 as traditional equities and digital assets fell sharply apart. In the first quarter A decoupling is being witnessed that challenges the notion of Bitcoin as a high-beta proxy for the stock market. After a year-end sell-off and a plunge from its 2025 highs, the S&P 500 (SPX) has shown
BlockChainReporter1h ago
How Bitcoin ETFs Are Changing Crypto Market Structure and Supply
Exchange-traded funds have changed how capital reaches crypto markets and how traders find prices. The arrival of spot Bitcoin ETFs opened regulated on-ramps. At the same time, a meaningful share of mined Bitcoin sits outside active markets. This report explains how ETFs alter market structure and w
CryptoBreaking1h ago
