When the market dips, Cathie Wood sees opportunity.
The ARK Invest CEO is back at it, doubling down on her favorite crypto-linked stocks just as Bitcoin (BTC) slid to its lowest price since 2024.
Last year, Wood made waves by buying aggressively through the market’s volatility.
This year, she is wasting no time, scooping up shares in some of the same names that defined her high-conviction bets in previous cycles.
Related: Cathie Wood makes her first crypto trade of 2026
Cathie Wood doubles down on two crypto stocks
Since the weekend, the markets have been swinging wildly and Wood is buying the dip.
On Feb. 3, ARK increased its exposure to several major crypto firms, including U.S. exchange Coinbase (NASDAQ: COIN), USDC stablecoin issuer Circle (NASDAQ: CRCL), and Bitcoin-mining-turned-Ethereum-treasury firm BitMine Immersion Technologies (NASDAQ: BMNR).
The firm snapped up more than $1.3 million of Coinbase (3,510 shares), $8.7 million worth of Circle shares (34,342 shares in ARKK and 8,536 shares in ARKF), and $6 million of BitMine stock (145,488 shares) across its actively managed ETFs.
ARK also expanded its stake in Bullish (NASDAQ: BLSH) by 125,218 shares. It is a regulated crypto exchange backed by Block.one and investors like Peter Thiel, who participated through his firm Thiel Capital in its early funding round.
ARK also picked up its own ARK 21Shares Bitcoin ETF (NYSE: ARKB) by 135,131 shares.
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On Feb. 4, activity shifted slightly.
The ARK Innovation ETF (ARKK) added 83,094 shares of Bullish and 14,868 shares of Circle.
As of Feb. 5, here are the shares of the crypto stocks in her portfolio:
This comes at a time when Bitcoin and other cryptocurrencies are experiencing a major downturn.
Bitcoin crashed below the $70,000 price level on Feb. 5 as the leading cryptocurrency lost roughly 7.8% in 24 hours. At press time, it was trading at $67,753.29. The price crash is the worst since early November 2024.