MarketsEthereumBitcoin
|3 min ReadCathie Wood Buys Crypto Stocks Aggressively As Prices Drop
Jax Morales
Senior Analyst
Published
Jan 16, 2026
ARK Invest is buying the dip again. While crypto linked stocks sold off sharply, Cathie Wood’s team stepped in and scooped up more BitMine Immersion Technologies and Bullish across its flagship exchange traded funds. It is a classic ARK move. When others are dumping, they are quietly loading up and tightening their grip on the sector.
ARK Scoops Up BitMine And Bullish On The Slide
ARK’s daily trade disclosures show fresh buying across three funds. The ARK Fintech Innovation ETF (ARKF) added 18,089 BitMine shares. The ARK Next Generation Internet ETF (ARKW) bought 34,637 BitMine shares. The ARK Innovation ETF (ARKK) picked up 116,681 shares. In total, ARK purchased 169,407 BitMine shares, worth roughly $5.83 million.
Separately, ARKF bought 8,063 Bullish shares. ARKW added 15,441 shares. ARKK acquired 52,011 shares. That brings ARK’s Bullish haul for the day to 75,515 shares, valued at about $2.91 million.
All of this buying came while both names were under pressure. Bullish closed down 6.19 percent at 34.40, then saw a small bounce in after hours trading.
The pattern is clear. ARK is using weakness in crypto exposed stocks to increase its positions, even as other investors rush for the exits.
Circle Bet Returns As ARK Leans Into Volatility
These moves are part of a broader crypto buying spree. ARK accumulated 542,269 Circle (CRCL) shares over a two day stretch last week, spending roughly 30.4 million first, then another 86 and then $82.30.
These are ARK’s first Circle purchases since a major sale in June, when it offloaded around 1.7 million shares at an average of 352 million. Now the firm is returning to the name at less than half that level, effectively resetting its cost basis while sentiment is shaky.
At the same time, ARK has been adding steadily to BitMine. On the day before its latest buy, the firm acquired 242,347 BitMine shares for about 37. Related coverage has already highlighted how ARK increased BitMine exposure while trimming about $30 million in Tesla stock. The message to the market is simple. ARK is rotating deeper into crypto infrastructure and away from some legacy winners.
BitMine Reinvents Itself As An Ether Treasury Power
BitMine itself is in the middle of a strategic shift. The company has replaced its chief executive, naming Chi Tsang as the new leader in place of Jonathan Bates, and has appointed three new independent board members. It is not just another miner anymore.
More than 3.5 million Ether, valued at over $11 billion, now sit in BitMine’s treasury. The firm started as a crypto mining business. Today it is one of the largest institutional holders of Ethereum anywhere in public markets, drawing comparisons to Michael Saylor’s playbook with Bitcoin.
ARK’s fresh buying sits right on top of that transition. As BitMine pivots from pure mining to becoming an Ether treasury giant, ARK is choosing to scale up exposure, betting that the market will eventually reward a company that controls such a massive pool of ETH on its balance sheet.
Disclaimer: This document is intended for informational and entertainment purposes only. The views expressed in this document are not, and should not be taken as, investment advice or recommendations. Recipients should do their own due diligence, taking into account their specific financial circumstances, investment objectives and risk tolerance, which are not considered here, before investing. This document is not an offer, or the solicitation of an offer, to buy or sell any of the assets mentioned.