Cathie Wood’s Ark Invest Buys ~$60M of Crypto Stocks — Adds COIN, CRCL, BMNR, BLSH, CRWV
Ark Invest, led by Cathie Wood, bought roughly $59.3–60 million of listed crypto-related equities on Dec. 15, 2025, continuing its established dip-buying strategy. Major purchases included about $16.3M (64,946 shares) of Coinbase (COIN) across ARKK, ARKW and ARKF; ~$10.8M of Circle Internet Group (CRCL); ~$17M of BitMine Immersion Technologies (BMNR); ~$9.9M of CoreWeave (CRWV); and ~$5.2M of Bullish (BLSH). The trades occurred amid a multi-day pullback in crypto stocks — on the cited day COIN fell ~6%, CRCL ~10%, BMNR >11% and CRWV ~8% — and complement Ark’s existing large exposures (approx. $609M in COIN, $323M in CRCL, $275M in BMNR, $194M in BLSH and $140M in CRWV). Technical notes cite COIN consolidating between its 50- and 100-week moving averages with support near $250. For traders, Ark’s activity signals continued institutional dip-buying in crypto equities, which can provide episodic support to sector sentiment and liquidity. Short-term effects may include transient buying pressure and reduced downside during drawdowns; traders should monitor institutional flows, block trades from ARK funds, and any liquidity shifts that could amplify volatility in listed crypto stocks.
Neutral
Ark Invest’s ~$60M purchase of crypto-related equities is a clear example of institutional dip-buying and signals confidence in long-term crypto infrastructure and exchange plays. For the mentioned equities, the move provides short-term support via added buy-side demand and can tighten intraday liquidity spreads; this may blunt downside during a selloff and produce episodic rallies in the listed stocks. However, the purchases are relatively modest versus overall market cap and Ark’s existing large positions, so their price-moving power is limited and temporary. Market-wide drivers (crypto token prices, macro risk sentiment, regulatory news) remain the dominant determinants of sustained trends. Therefore, the likely net impact on the underlying cryptocurrencies and their stocks is neutral-to-mildly bullish in the short term (support and reduced downside), but not sufficient alone to reverse broader bearish pressure without follow-through from other institutional buyers or improving fundamentals. Traders should watch for follow-on institutional flows, large block trade activity from Ark funds, volume spikes, and whether token markets respond — these will dictate whether the effect becomes more bullish or fades.