ARK Invest Buys $9.4M in Coinbase and Circle Shares, Doubling Down on Crypto

BitcoinWorld ARK Invest Buys $9.4M in Coinbase and Circle Shares, Doubling Down on Crypto ARK Invest, the asset management firm led by Cathie Wood, has purchased approximately $9.4 million worth of shares in two major crypto-related companies, according to a report from The Block.

The transactions, executed on [date], include $8 million in Coinbase Global (COIN) stock and $1.4 million in Circle Internet Group shares, signaling a continued bullish stance on the digital asset sector despite recent market volatility.

Details of the Trades ARK Invest’s buy orders were executed across its flagship ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW), both of which have historically maintained significant positions in Coinbase.

The firm also added Circle Internet Group, the issuer of the USD Coin (USDC) stablecoin, to its portfolio. This marks a notable expansion of ARK’s exposure to the stablecoin ecosystem, which has grown in importance as regulatory clarity around digital assets improves.