Cathie Wood strikes again: Ark invests over $20 million to increase holdings in Bitmine and Bullish, betting on a reversal after the decline in crypto assets

ETH-2,77%
BTC-0,94%

February 13 News, Ark Invest, founded by Cathie Wood, has once again increased its holdings in cryptocurrency-related stocks, contrarily deploying during a period of market downturn. According to disclosed data, Ark purchased a total of 212,314 shares of Ethereum treasury company Bitmine through three ETFs, approximately $4.2 million based on the closing price of the day. Bitmine rose slightly by 1.4% to $19.74 that day, but has declined by 36.7% over the past month.

On the same day, Ark also increased its holdings by 74,323 shares of Bullish stock, worth about $2.4 million. This marks the 11th consecutive trading day Ark has added to this position. Bullish closed down 0.5% at $31.71, with a nearly 18% decline over the past 30 days. Additionally, Ark bought approximately 174,767 shares of Robinhood for about $12.4 million, which dropped 8.9% on the day, with its monthly decline expanding to 40%.

Ark’s investment portfolio adheres to a risk control rule that no single position exceeds 10%, so during periods of increased volatility, the fund often adjusts its holdings continuously to maintain structural stability. Currently, Bullish has become the ninth-largest holding in its ARKF fund, with a weight of about 3.4% and a market value approaching $30 million. Ark also holds significant positions in several crypto-related companies, including Circle, Block, and COIN.

From a macro perspective, major U.S. stock indices declined across the board on the same day, with the Dow Jones, Nasdaq, and S&P 500 all experiencing notable pullbacks. In the digital asset space, Bitcoin hovered around $66,700, and Ethereum approached $1,960, both near multi-year lows.

Against the backdrop of simultaneous pressure on traditional and crypto markets, Ark’s continuous accumulation is interpreted by some investors as an early move toward a cyclical recovery in crypto assets. Market watchers will next focus on whether prices form new support levels at the lows, potentially providing new directional signals for risk assets.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin Miner MARA Says It May Sell BTC Holdings in Strategy Shift

MARA, a Bitcoin mining firm, plans to sell more of its $3.6 billion Bitcoin stash to support its expansion into AI. After selling $413 million worth in 2025 and with fluctuating holdings projected, the strategic shift moves towards becoming a comprehensive digital infrastructure company.

Decrypt3h ago

ETH short-term surge of 1.30%: On-chain large transfers and concentrated liquidity drive price breakthrough of resistance

On March 3, 2026, from 16:00 to 16:15 (UTC), ETH achieved a short-term profit of +1.30%, with the price fluctuating between 1965.11 and 2001.75 USDT, a volatility of 1.86%. Market attention significantly increased, minute-level trading volume surged, volatility intensified, and short-term capital was actively chasing gains. The main drivers of this anomaly were large inflows of on-chain funds and whale activities. Ceffu's hot wallet transferred a large amount of 15,000 ETH to a major exchange on the same day, whales recharged USDC margins, and large on-chain transfers were active, driving flow.

GateNews4h ago

BTC 15-minute increase of 1.07%: Whale transfers and low liquidity periods resonate to drive rapid surge

From 15:30 to 15:45 (UTC) on March 3, 2026, the price of BTC experienced a short-term increase of +1.07%, with the range quote reaching a high of 67,835.0 USDT from an initial 66,815.9 USDT, a fluctuation of 1.53%. Market trading volume also expanded simultaneously, with attention significantly rising, and short-term volatility intensified, reflecting synchronized driving forces from both liquidity and sentiment. The main driver of this movement was large transfers by whale funds. On-chain monitoring data shows that 2,873 BTC (approximately $260 million) were transferred from an unknown address to a major exchange.

GateNews4h ago

ProCap Buys 450 Bitcoin as NAV Discount Drives Strategy

ProCap Financial purchased 450 Bitcoin and repurchased 782,408 shares as prices fell below net asset value. The firm plans to continue buying back shares while discounts persist, mirroring broader corporate strategies in a weak crypto market.

CryptoFrontNews4h ago

Trump Brothers' American Bitcoin Boosts Mining Capacity Following Q4 Loss

American Bitcoin, co-founded by Eric and Donald Trump Jr., is increasing its mining capacity by 12% with 11,298 new miners, despite posting a $59.45 million loss in Q4 2025. The company's stock is down 5% amid geopolitical uncertainty.

Decrypt5h ago

Data: Jump Crypto transfers 10 million USD to BitGo, worth 10 million USD

ChainCatcher message, according to Arkham data, at 22:57, an address labeled "Jump Crypto" transferred 10 million USD to BitGo.

GateNews5h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)