Ark Invest Doubles Down: Block, Circle and Coinbase Stocks Get Major Boost from Wood’s Bold Bet

Cathie Wood's investment firm just placed another massive vote of confidence in crypto's infrastructure players—doubling down on positions that could make or break their 2025 portfolio.

The Big Three Get Bigger

Ark Invest loaded up on Block, Circle, and Coinbase shares in a move that screams conviction. While traditional finance analysts scratch their heads about 'regulatory risks,' Wood's team keeps stacking the crypto-native trifecta that actually understands digital assets.

Coinbase continues as the crown jewel—the regulated gateway that somehow survives every SEC lawsuit and comes out stronger. Block's building the payments rail everyone will eventually use, while Circle's USDC maintains its stranglehold on the stablecoin market.

Another quarter, another reminder that while Wall Street debates whether crypto is 'real,' the smart money keeps buying the picks and shovels. Because when the gold rush resumes—and it always does—these are the companies collecting fees regardless of which way prices swing.

TLDR

• Ark Invest bought $13.5 million in Block, $7.6 million in Circle, and $3.86 million in Coinbase shares on November 25, 2025
• The purchases came as crypto stocks fell sharply, with Circle down 51% and Coinbase down 30% over the past month
• Cathie Wood’s firm also added $1.52 million in Bullish, $878,794 in Robinhood, and $2.8 million in its own bitcoin ETF
• Bitcoin has dropped to $87,948 from its $126,000 all-time high recorded six weeks ago
• Coinbase is now ARKK’s fourth-largest holding at $391 million, representing 5.22% of the fund’s portfolio

Cathie Wood’s Ark Invest bought shares in multiple crypto-related companies on Tuesday as the market continued to decline. The firm purchased $13.5 million worth of Block Inc., $7.6 million in Circle Internet Group, and $3.86 million in Coinbase shares.

Block, Inc., XYZ

The purchases happened on November 25, 2025. Ark Invest made most of the buys through its Ark Innovation ETF, known as ARKK.

Ark Invest also added smaller positions in other crypto-related companies. The firm bought $1.52 million in Bullish stock and $878,794 in Robinhood Markets. It also purchased $2.8 million worth of its own Ark-21Shares spot Bitcoin ETF.

Bullish, BLSH

The timing of these purchases came during a period of falling prices. Block closed up 2.96% on Tuesday at $63.69 but has dropped 20.54% over the past month. Circle fell 3.62% on Tuesday to $70.11, which marks a 51% decline from its price a month ago.

Coinbase dropped 0.72% on Tuesday. The stock has fallen 30% in the past month. Despite these declines, Coinbase remains the fourth-largest holding in ARKK with a value of $391 million.

Current Portfolio Holdings

The Ark Innovation ETF now holds different amounts of each company. Coinbase represents 5.22% of the fund’s portfolio at $391 million. Circle accounts for $179 million, which equals 2.39% of the fund.

ARKK holds $85.2 million worth of Block shares. These three companies form a core part of Ark’s crypto exposure strategy.

The purchases reflect Ark Invest’s pattern of buying during market downturns. The firm has added more crypto-related stocks to its ETFs in recent weeks. This approach takes advantage of lower prices in the market.

Market Conditions

The crypto market has faced pressure from multiple factors. Bitcoin currently trades at $87,948, down from its all-time high of $126,000. That peak occurred just six weeks ago.

The drop in crypto stocks matches the broader crypto market decline. Thin liquidity has contributed to the downturn. Uncertainty over the macroeconomic environment has also played a role.

Block operates as a crypto-focused financial services and technology company. Jack Dorsey co-founded the firm. Circle issues the USDC stablecoin and provides infrastructure for global transfers.

Coinbase serves as a major cryptocurrency exchange. The platform handles billions in crypto transactions. It provides on-ramp services for institutional and retail traders.

Ark Invest has maintained its strategy of building positions in companies that operate in digital finance. The firm focuses on companies that develop blockchain technology and digital payment systems. These recent purchases show the firm continues this approach even as prices decline.