Cathie Wood is doing her favorite thing again: buying what everyone else is selling. ARK Invest poured roughly $43 million into crypto-exposed equities over just three trading days, with Coinbase and Circle representing the firm’s largest purchases during the stretch.
Both stocks have been bruised recently. Coinbase shares dropped about 17% over the past month, while Circle’s stock fell 27.6% in the same period.
What ARK actually bought
The purchases were spread across ARK’s flagship funds, including ARKK, ARKW, and ARKF, the firm’s innovation, next-generation internet, and fintech ETFs respectively.
In early June alone, ARK disclosed acquiring 30,763 shares of Coinbase (COIN) and 114,223 shares of Circle Internet Group (CRCL). Additional purchases were logged around June 26, pushing the total over the three-day window to the $43 million figure.
