Ark Invest, led by Cathie Wood, is leaning into the latest market slide by scooping up millions in digital asset stocks. On Monday, February 2, 2026, the firm bought approximately $72 million worth of shares across its major funds, including ARKK (ARKK) and ARKW (ARKW). This buying spree happened just as Bitcoin briefly dipped below the $75,000 mark, causing a ripple effect that pulled down the prices of many crypto-linked companies.
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While Ark is betting on a future recovery, the immediate reaction was cold; both Coinbase (COIN) and Robinhood (HOOD) fell by about 2% in early trading today, February 3, as the broader market continues to struggle with volatility.
Ark Invest Focuses on Robinhood
The biggest piece of Monday’s trade was a massive bet on Robinhood. Ark invested about $32.7 million into the trading platform. While Robinhood’s stock has been sensitive to crypto price swings, Wood has often argued that the company’s move into new areas like retirement accounts and international stocks makes it a safer bet. Buying the dip allows Ark to position itself for a potential gain if retail traders return to the app when the market stabilizes.
Ark Invest Expands Into Crypto Infrastructure
Moving beyond just trading apps, Wood also added several companies that provide the essential technology behind the digital economy. The firm spent $14.6 million on CoreWeave (CRWV), a company that provides the high-powered computing needed for AI and blockchain tasks. Other purchases included $9.4 million in Circle (CRCL) (the company behind the USDC stablecoin), $6.0 million in Bullish shares (BLSH), and $6.3 million in Bitmine Immersion Technologies (BMNR). Diversifying into these technical areas allows Ark to profit from the backbone of the crypto world, rather than just the fluctuating price of the coins themselves.
Ark Invest Adds Smaller Stakes
While the larger buys made the most noise, the firm also picked up shares in two other major crypto players. Ark spent $1.9 million on Block (XYZ) and added $1.3 million worth of Coinbase (COIN) to its holdings. These amounts are smaller compared to the Robinhood purchase, but they show that Wood is still committed to the biggest names in the sector. Adding these shares allows the firm to lower its average cost for these stocks while they are trading at a discount due to the recent market drop
Ark Invest Aims for Long-Term Gains
This latest move follows Cathie Wood’s long-standing rule of buying when others are fearful. She recently told investors that Bitcoin is a great way to diversify a portfolio because it doesn’t always move in the same direction as traditional gold or bonds. Even though Bitcoin has fallen significantly from its $91,000 high in late 2025, Ark’s research suggests that these low points are the best times to build a position.
Investors can compare the crypto stocks in Ark’s portfolio on the TipRanks Stocks Comparison Tool. Click on the image below to find out more.
