Cathie Wood’s Ark Invest Buys $60 Million in Crypto Stocks

Key Highlights from Ark Invest's Recent Crypto Stock Purchases

Cathie Wood's Ark Investments purchased $60 million in crypto equities amid market corrections on Dec. 15.
The firm invested approximately $16.3 million in Coinbase (COIN) by acquiring 64,946 shares across various ETFs.
Ark Invest has consistently bought COIN stock despite a 40% drop from its peak.
Market analysis indicates COIN is consolidating between its 50-week and 100-week moving averages, with potential support around $250.
Ark Invest also acquired $5.2 million in Bullish (BLSH), $10.8 million in Circle Internet Group (CRCL), $17 million in Bitmine Immersion Technologies, and $9.9 million in CoreWeave.
On Dec. 15, the crypto stocks saw declines: Bitmine (-11%), Circle (-10%), CoreWeave (-8%), Coinbase (-6%), Bullish continued its downturn.
Crypto stocks form a substantial part of Ark Invest's portfolio, including significant holdings in Coinbase ($609M), Circle ($323M), Bitmine ($275M), Bullish ($194M), and CoreWeave ($140M).