Cathie Wood’s Ark Invest Doubles Down on Crypto Titans Coinbase and Circle in Major Portfolio Shift

ARK just loaded up on crypto's blue chips—betting big on the infrastructure players rather than the volatile tokens themselves.

The Coinbase Power Play

Wood's team snapped up additional COIN shares as the exchange continues dominating US crypto trading volume. The move signals confidence in regulated gateways despite regulatory headwinds.

Circle's Stablecoin Surge

Ark boosted its Circle position as USDC market cap approaches $30 billion. Because nothing says 'safe bet' like a digital dollar that actually holds its peg—unlike certain other stablecoins we won't name.

Institutional Adoption Accelerates

The buys align with Wood's repeated predictions of bitcoin hitting $1 million. Because when traditional finance finally gets it, they'll need these exact infrastructure plays to participate.

Wall Street still doesn't get it—they're busy shorting the very companies building the financial system of tomorrow. Their loss, crypto's gain.

In brief

• Ark Invest continues to increase its crypto exposure by buying more shares in Coinbase, BitMine Immersion Technologies, and Circle.
• It added 42,000 Coinbase shares worth $10 million and invested nearly $10 million in BitMine and $9 million in Circle.

Ark Broadens Its Crypto Positions

On Thursday, Ark Invest added more shares in key crypto-related companies, including Coinbase, BitMine Immersion Technologies, and Circle. Most of these purchases went through Ark’s Fintech Innovation ETF, which increased its Coinbase holdings by roughly 42,000 shares, valued at about $10 million. This brought the fund’s total Coinbase position to nearly $58 million.

How else does Ark Invest increase its crypto exposure?

• The firm boosted its stake in BitMine Immersion Technologies with a $9.9 million investment and added $9 million to its Circle holdings.
• It also expanded its involvement in Bullish by investing around $9.75 million across three ETFs.
• Robinhood shares received a $6.7 million addition.

Ark’s activity comes on the heels of earlier moves, including a $30 million increase in Circle holdings last week. The firm also expanded its investment in BitMine Immersion Technologies, even as the company’s share price weakened.

Cumulatively, Ark Invest’s crypto exposure has grown significantly, with total Coinbase holdings across three ETFs surpassing $500 million. The firm has also broadened its portfolio beyond crypto, purchasing $16.8 million in Nvidia shares, reflecting a diversified approach.

Cathie Wood Revises Bitcoin Forecast Amid Market Shifts

This continued focus on digital assets aligns with Cathie Wood’s long-standing bullish outlook on Bitcoin. She had previously forecast that the cryptocurrency could reach around $1.5 million per coin by 2030. Earlier this month, in an interview with CNBC, she lowered that projection, explaining that stablecoins are increasingly taking on functions Bitcoin was expected to serve, a trend particularly visible in developing markets. This adjustment led her to reduce the upper-end estimate by about $300,000, bringing the revised target to roughly $1.2 million per coin.

Achieving this target would require a substantial price increase from current levels. Bitcoin is trading around $85,900, meaning it would need to rise roughly 1,312% to reach $1.2 million. The crypto has seen a modest gain of close to 2% in the past 24 hours, but a long-term climb of over twelve times its present value would be necessary to meet Wood’s projection.

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