Overview
- On Nov. 25, Ark bought $13.5 million of Block, $7.6 million of Circle, and $3.86 million of Coinbase, largely through its ARK Innovation ETF.
- Smaller allocations included $1.52 million to Bullish, $878,794 to Robinhood, and $2.8 million to its ARK‑21Shares Bitcoin ETF.
- The firm simultaneously expanded in major tech, purchasing more than 174,000 Alphabet shares valued at over $56 million, plus $29.4 million of CoreWeave and $21.5 million of Meta.
- Coinbase stands as ARKK’s fourth‑largest position at about $391 million, or roughly 5.22% of the portfolio, alongside sizable stakes in Circle (~$179 million) and Block (~$85.2 million).
- The buying streak comes during a deep market slide, with Bitcoin near $88,000 after a $126,000 peak and monthly drops of roughly 51% for Circle, 30% for Coinbase, and 20% for Block, even as Cathie Wood recently trimmed her 2030 Bitcoin target to $1.2 million.