Cathie Wood Bets on a Crypto Stocks Rebound. Ark Goes Big on Coinbase, Bitmine, Others.
Dec 16, 2025 05:56:00 -0500 by Callum Keown | #Cryptocurrencies
Coinbase stock fell more than 6% Monday and ARK Invest bought more of the shares. (Samyukta Lakshmi/Bloomberg)
Key Points
- ARK Invest purchased nearly $50 million in crypto-related stocks, including Coinbase and Bitmine Immersion Technologies.
- The crypto sector experienced a significant selloff, with Bitcoin down over 30% from its October record high.
- Individual crypto stocks saw declines on Monday, with Bitmine plunging 11% and Circle tumbling 9.6%.
Crypto stocks are on a terrible run but ARK Invest’s Cathie Wood is intent on buying the dip.
Wood’s ARK funds loaded up on almost $50 million worth of shares in crypto-exposed companies, including crypto exchange Coinbase , Ethereum treasury company Bitmine Immersion Technologies , stablecoin issuer Circle Internet Group , and CoinDesk owner Bullish , according to a trade notification Monday.
While it isn’t clear exactly when the trades were made, the sector’s brutal recent selloff continued on Monday as the price of Bitcoin slipped to around $86,000 —more than 30% off its record high reached in early October.
Coinbase stock fell more than 6%, while Circle tumbled 9.6%, Bitmine plunged 11% and Bullish slipped 2.6%. Trading platform Robinhood, which ARK Invest’s bought more of in a Friday notification was 3.6% down. All five stocks pointed lower again ahead of the open Tuesday.
Based on Monday’s closing price, ARK’s fund bought $17 million of Bitmine shares, $16.2 million of Coinbase, $10.8 million of Circle, and $5.2 million of Bullish.
The quartet of stocks are all down between 20% and 43% since the beginning of October in what has been a miserable final quarter of the year for digital assets.
Separately, ARK Invest purchased $9.9 million worth of CoreWeave stock, which tumbled 8% Monday. The former crypto-mining company has since pivoted to data centers.
It’s clear Wood is betting on a roaring cryptocurrency rebound into the year-end and through 2026.
Write to Callum Keown at callum.keown@dowjones.com