Cathie Wood’s ARK Invest increased its exposure to cryptocurrency-linked stocks on Monday, purchasing shares in several major firms during a market downturn. The asset manager bought shares in Robinhood, Circle, Block Inc, BitMine, Coinbase, and Bullish, among others, primarily through its ARK Innovation and ARK Blockchain & Fintech Innovation ETFs.
ARK Invest disclosed significant purchases of crypto-linked stocks as their prices fell. The trades were executed primarily across the ARK Innovation ETF (ARKK) and the ARK Blockchain & Fintech Innovation ETF (ARKF).
The largest buys within the ARKK fund included 235,077 shares of Robinhood (HOOD), valued at approximately $21.1 million. It also purchased 274,358 shares of BitMine (BMNR) worth around $6.2 million.
Major crypto stocks were sharply lower on Monday according to data from Google Finance. Robinhood and Circle shares were down nearly 10% and 8%, respectively, at the time of writing.
BitMine and Bullish shares also declined, falling 9.16% and 4.47%. Shares of Coinbase, Strategy, Metaplanet, and Galaxy Digital dipped as well.
This buying activity follows a similar move by ARK Invest late last month despite a tumbling market. The firm’s ETFs have faced pressure over recent months since the October crypto market crash.
The broader crypto stock slump coincides with falling cryptocurrency prices this year. Bitcoin fell below $80,000 in February for the first time since April 2025.
