Cathie Wood's ARK Invest increased its exposure to crypto-linked equities during a recent sector-wide price decline, signaling a strategy of buying into weakness. According to daily trade disclosures, the firm purchased shares of Coinbase Global Inc., Circle Internet Group, and Bullish, while trimming its position in Meta Platforms.
The ARK Innovation ETF (ARKK) bought 38,854 shares of Coinbase, while the ARK Fintech Innovation ETF (ARKF) added 3,325 shares. The combined purchases amounted to approximately $9.4 million. Coinbase shares closed the session down 2.77% at $216.95. ARK also expanded its position in Circle, buying a combined 129,446 shares across ARKK and ARKF, a position valued at roughly $9.2 million. Circle shares were largely flat, slipping just 0.03%. Furthermore, ARK acquired 88,533 shares of Bullish, investing about $3.2 million as the stock fell 2% to $35.75.
This buying activity was partly offset by a reduction in other holdings. ARK sold 12,400 shares of Meta Platforms, valued near $8.03 million, highlighting an ongoing portfolio rebalancing toward crypto-focused growth sectors.
The purchases come despite crypto-linked equities being a key source of pressure on ARK's ETF performance in Q4 2025. Coinbase was the largest detractor across the ARK Next Generation Internet ETF (ARKW), ARKF, and ARKK. ARK noted that Coinbase shares declined more sharply than Bitcoin and Ether, attributing this to a 9% quarter-on-quarter drop in spot trading volumes on centralized exchanges following an October liquidation event, which pressured exchange revenues.
Despite the short-term headwinds, ARK maintains a highly constructive long-term view. In its Big Ideas 2026 report, the firm projected the digital asset market could grow to $28 trillion by 2030, assuming a 61% compound annual growth rate driven largely by Bitcoin adoption. ARK estimates Bitcoin could trade between $950,000 and $1 million under its supply assumptions, pointing to rising institutional participation through Bitcoin ETFs and corporate holders as a key demand driver.
