ARK Invest, the asset management firm led by Cathie Wood, increased its exposure to major crypto-related companies on Jan. 23, adding shares of Coinbase and stablecoin issuer Circle during a broader market pullback.
Breaking: ARK took advantage of the decline, invested in Coinbase, Circle and Bullish as the crypto market declined, and Coinbase affected the ETF's performance. pic.twitter.com/8ax0nFhiQU
— Ethereum Gem Sniper (@ETHgemsniper) January 25, 2026
According to ARK’s daily trading disclosures, its flagship ARK Innovation ETF (ARKK) purchased 38,854 shares of Coinbase, while the ARK Fintech Innovation ETF (ARKF) added another 3,325 shares. The combined allocation to Coinbase totaled approximately $9.4 million.
The two funds also acquired 129,446 shares of Circle and 88,533 shares of Bullish, with estimated investments of about $9.2 million and $3.2 million, respectively.
Strategic Buying During a Market Dip
The purchases mark ARK’s first major crypto-equity accumulation of 2026, coming amid ongoing weakness across cryptocurrencies markets.
On the day of the transactions, Coinbase shares fell 2.77% to $216.95, reflecting broader crypto-related selling pressure. Circle shares also edged lower. Rather than retreat, ARK treated the pullback as a buying opportunity.
To fund the purchases, ARK rebalanced its portfolio, selling 12,400 shares of Meta Platforms. The move suggests a deliberate shift away from select mega-cap tech stocks toward crypto infrastructure companies with higher long-term conviction.
ARK has previously acknowledged that crypto equities weighed on fund performance in late 2025. In quarterly reports, the firm cited Coinbase as a major drag on ARKK after centralized exchange volumes declined following October’s liquidity shock, underperforming even Bitcoin (BTC) and Ethereum (ETH).
ARK Reaffirms Long-Term Crypto Growth Thesis
Despite near-term volatility, ARK’s latest buying underscores its confidence in the long-term expansion of the digital asset economy.
In its “Big Ideas 2026” report, ARK forecasts the crypto market could eventually reach $28 trillion, and projects Bitcoin could climb to $1.5 million by 2030.
Rather than betting on short-term price rebounds, ARK appears focused on accumulating core infrastructure plays. Circle’s USDC stablecoin plays a central role in on-chain liquidity and fiat conversions, while Bullish continues building its position as a consumer-facing crypto trading platform.
ARK believes that clearer regulations and accelerating institutional adoption will ultimately strengthen the fundamentals of companies operating at the heart of crypto markets.
The firm has also recently filed for a new crypto index ETF, signaling a broader effort to expand investor access across the digital asset ecosystem.
While volatility is expected to persist, ARK’s latest moves reaffirm its long-term commitment to companies poised to benefit from the multi-year growth of the digital asset economy.
