Cathie Wood’s ARK Invest Buys the Dip on Coinbase, Circle, Bullish, and Robinhood as Crypto Stocks Slide

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Cathie Wood’s ARK Invest scooped up shares of Coinbase, Circle, Bullish, and Robinhood connected June 25 arsenic each 4 crypto-linked stocks fell, according to the firm’s regular commercialized disclosures. The purchases intelligibly reflected Wood’s ongoing strategy of buying into weakness.

Key Takeaways

ARK Invest bought 35,023 Robinhood, 9,014 Coinbase, 9,264 Circle, and 9,136 Bullish shares connected June 25.
All 4 stocks fell that day, with Coinbase down 5% to $142.52 and Bullish disconnected 6.77% to $21.88.
The dip-buying extends Cathie Wood’s high-conviction crypto thesis, anchored by a $1.5 cardinal bitcoin target.

Buying Into a Broad Crypto-Equity Selloff

ARK added 35,023 shares of Robinhood (Nasdaq: HOOD), worthy astir $3.27 cardinal done its flagship ARK Innovation ETF, alongside 9,014 shares of Coinbase (Nasdaq: COIN) worthy astir $1.28 million. It besides bought 9,264 shares of Circle (Nasdaq: CRCL), the issuer of the USDC stablecoin, valued astatine astir $637,000, and 9,136 shares of Bullish (Nasdaq: BLSH) worthy astir $200,000.

Tweet discussing Cahtie Woods's caller bargain the dip purchases.

The buys landed connected a reddish time for the radical arsenic Coinbase closed down 5% astatine $142.52, Robinhood fell 3.85% to $93.47, Circle slipped 3% to $68.81, and Bullish dropped 6.77% to $21.88. ARK, which describes its mandate arsenic investing successful “disruptive innovation,” has repeatedly utilized specified pullbacks to accumulate crypto-exposed equities astatine little prices.

Wood has agelong paired that maneuver with an assertive macro thesis, maintaining a semipermanent bitcoin terms people of $1.5 million. The June 25 purchases widen a signifier successful which the steadfast leans into crypto-linked names adjacent arsenic broader markets wobble.

A Familiar Rotation

ARK’s trading is seldom one-directional, and the latest buys followed a much mixed stretch. Earlier successful June, the steadfast sold astir $29 cardinal of Robinhood shares portion adding to Coinbase, a rotation that capitalized connected Robinhood’s betterment and Coinbase’s deeper drawdown. The June 25 league flipped portion of that script, with ARK buying Robinhood backmost connected the dip.

Circle has been a recurring people for the firm, with ARK being among the backers erstwhile Circle’s banal climbed aft the institution unveiled a token sale for its caller Arc blockchain, a rise that besides drew Blackrock, Apollo, and a16z. Bullish, the crypto speech that went nationalist successful 2025, has likewise featured successful ARK’s buying streaks, with the steadfast scooping up further shares during earlier rallies.

The 4 stocks relation arsenic a handbasket of pure-play crypto and fintech vulnerability fixed Coinbase is the largest U.S. speech portion Robinhood has expanded aggressively into integer assets. Similarly, Circle anchors the dollar- stablecoin market, and Bullish operates an organization trading venue. Buying each 4 connected the aforesaid down day, atleast successful Wood’s view, amounts to a concentrated stake that the sector’s selloff is simply a buying opportunity.

The purchases came during a broader crypto downturn that has pressured some tokens and the equities tied to them. Bitcoin slid toward $58,000 successful the aforesaid window, dragging sentiment crossed the crypto-stock complex. For a manager with a $1.5 cardinal bitcoin call, weakness successful the underlying marketplace reads arsenic a discount much than thing else.

That said, critics person agelong questioned whether ARK’s dip-buying compounds losses erstwhile momentum turns against it, and the firm’s crypto-linked holdings person endured crisp drawdowns before. Supporters reason that Wood’s willingness to bargain erstwhile others merchantability is precisely what has defined the firm’s high-conviction style.

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