Cathie Wood Buys $72 Million Of Crypto Stocks As Prices Crash

Baystreet
2026.02.03 15:22
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Cathie Wood's ARK Invest has purchased $72 million in cryptocurrency stocks as Bitcoin prices fell below $75,000. The acquisitions include shares of Robinhood, Coinbase, Circle, Bitmine Immersion Technologies, and Block, spread across various ETFs. The largest purchases were $32.7 million in Robinhood and $9.4 million in Circle. This strategy aligns with ARK's goal of capitalizing on market volatility. Bitcoin's price has decreased by 16% over the past year, currently trading at $78,300.