Cathie Wood’s ARK Purchases Coinbase, Circle, and Bullish Shares in January

TLDR Cathie Wood’s ARK Invest purchased $21.8 million in crypto stocks on January 23, including Coinbase, Circle, and Bullish ARK now holds over $1.3 billion in crypto-related investments, with Coinbase as the largest position at $393.1 million Crypto stocks dragged down ARK ETF performance in Q4 2025 as trading volumes dropped 9% after October liquidation events ARK forecasts crypto market could hit $28 trillion by 2030 with Bitcoin potentially reaching $950,000 to $1 million Wood first invested in Bitcoin through Grayscale in 2015 when BTC traded around $200 Cathie Wood made her first crypto purchases of 2026 on January 23. ARK Invest bought shares in three digital asset companies during the market downturn. The ARK Innovation ETF purchased 38,854 shares of Coinbase Global Inc. The ARK Fintech Innovation ETF added 3,325 more shares. Total Coinbase purchases reached $9.4 million. Coinbase Global, Inc., COIN ARK bought 129,446 shares of Circle Internet Group across both funds. The Circle position totaled $9.2 million. The company issues the USDC stablecoin. The investment firm also purchased 88,533 shares of Bullish worth $3.2 million. Coinbase stock closed at $216.95 on January 23, down 2.77%. Circle shares dropped 0.03% while Bullish fell 2% to $35.75. ARK sold $8.03 million in Meta Platforms shares the same day. The move shifted portfolio weight toward crypto exposure. Q4 2025 Crypto Losses Impact Performance Crypto stocks hurt ARK’s returns in the fourth quarter of 2025. Coinbase was the biggest drag on multiple ARK ETFs. The company’s shares fell faster than Bitcoin and Ethereum prices. Spot trading volumes on centralized exchanges declined 9% quarter-over-quarter. The drop came after October’s liquidation event. Coinbase affected the ARK Next Generation Internet ETF, ARK Fintech Innovation ETF, and ARK Innovation ETF. Roblox was the second-worst performer despite strong third-quarter bookings. The gaming company warned about shrinking operating margins in 2...