ARK Invest Buys Coinbase, Circle, Bullish Amid Crypto Selloff

ARK Invest went shopping in the crypto aisle again. Cathie Wood's firm added shares of Coinbase and Circle Internet Group, plus a smaller position in Bullish, on June 25-26. The total outlay: roughly $2.1 million. The purchases came during a broad slide in crypto market analysis.

The breakdown tells the story. The largest chunk went to Coinbase: 9,014 shares at a cost of about $1.28 million. ARK also picked up 9,264 Circle shares for $637,000. The Bullish position, 9,136 shares, cost roughly $200,000.

This is not an isolated trade. In late January, ARK invested $21.5 million across the same three securities. That purchase followed a mid-December accumulation phase. The January outlay was about ten times larger than this week's spending. The pattern is consistent: ARK buys crypto infrastructure names when the sector is under pressure.

COIN stock page – Coinbase is the largest publicly traded US exchange. Its revenue still leans heavily on transaction fees, which makes the stock cyclical. Circle and Bullish both went public in 2025, and both have swung hard since listing. Circle, the issuer of the USDC stablecoin, drew especially heavy ARK attention around its IPO. The firm accumulated between 4.48 million and 4.51 million shares in that window. ARK later trimmed those Circle stakes. The fresh re-accumulation is worth tracking.

Bullish, the crypto exchange led by former NYSE president Tom Farley and backed by Peter Thiel, received the smallest allocation at roughly $200,000. The trading activity typically spans multiple ARK ETFs. These purchases could land across several funds rather than inside one product.

CRCL stock page – Circle's revenue model ties to the yield on reserves backing USDC, not to trading volume. That connects its fortunes to interest rates and demand for dollar-denominated stablecoins. The stock moves on macro factors different from those driving Coinbase.

Wood's flagship ARK Innovation ETF delivered massive gains in 2020 and then gave back much of those returns in subsequent years. The firm keeps a heavy allocation to high-conviction names through drawdowns. Crypto infrastructure has been a core theme since the Coinbase IPO.

For a trader watching these names, the dollar amounts are modest relative to ARK's total assets under management. Still, the repeated buying at lower prices across three companies in the same subsector suggests the firm sees the group as undervalued. The next round of ARK trade disclosures will show whether the pattern continues. Continued buying would shift the move from a token re-entry to a deliberate re-accumulation phase.