ARK Invest increased its exposure to crypto-linked assets during the recent market drawdown. Daily trade disclosures show that the Cathie Wood-led firm bought roughly $70 million to $72 million of crypto-related equities across its funds between Feb. 2 and 3, 2026. Over the same period, Bitcoin slipped below the key $75,000 level before recovering, while market sentiment fell into extreme fear.
Robinhood, CoreWeave and Circle led the latest purchases
The largest buy in the latest round was Robinhood (HOOD), with a position worth about $32.7 million. ARK also added roughly $14.6 million of CoreWeave (CRWV), described in the source material as an AI and cryptocurrency infrastructure company. The move points to the firm’s interest in the overlap between artificial intelligence and blockchain.
Other purchases included around $9.4 million of Circle (CRCL), along with positions in BitMine (BMNR), Bullish (BLSH), Block (XYZ), and Coinbase (COIN). ARK also increased holdings in its own Bitcoin ETF, ARKB. The buying was broad rather than concentrated in a single name.
Bitcoin briefly fell below $75,000 as liquidations hit the market
The wider crypto market faced heavy selling pressure, driven by macro uncertainty, large liquidations, and a broader risk-off mood, according to the source. Bitcoin briefly traded below $75,000 and later rebounded toward $78,000. Ethereum fell below $2,200, while most altcoins remained under pressure.
Trading activity stayed elevated as forced liquidations and dip-buying took place at the same time. Prices stabilized somewhat after the drop, but volatility remained high. In that setting, ARK’s purchases stood out because they came during a period when fear was dominating market behavior.
Firm keeps using a buy-the-dip approach
The latest trades show ARK spreading capital across retail trading platforms, stablecoin-related exposure, infrastructure plays, and a spot Bitcoin ETF. The source describes the move as a classic buy-the-dip strategy: accumulating crypto-linked assets while the market is under stress. The purchases also align with the firm’s stated long-term conviction in blockchain, digital assets, and the connection between crypto and AI.