Key facts
- ARK's Coinbase purchase was worth an estimated $9 million and its Circle purchase $8 million, per its disclosures and Yahoo Finance prices.
- The Coinbase and Circle buys were spread across three ARK exchange-traded funds, which together sold 342,545 Bullish shares.
- Circle was among the top five holdings in three ARK ETFs as of Tuesday, at $270.3 million in ARKK, $71.4 million in ARKW and $42.6 million in ARKF.
- ARK also bought about $646,000 of Robinhood shares on Monday, when the stock fell 1.4% to $83.80.
Cathie Wood's ARK Invest bought Coinbase and Circle shares while cutting its stake in crypto exchange operator Bullish, according to its daily trade disclosures and closing prices from Yahoo Finance. The firm purchased 64,208 Coinbase shares worth an estimated $9 million and 110,551 Circle shares worth $8 million on Friday and Monday, spread across three of its exchange-traded funds. The same funds sold 342,545 Bullish shares worth approximately $8 million.
All three stocks closed lower on Monday. Coinbase fell 3.98% to $137.83, Circle slipped 0.63% to $72.08 and Bullish dropped 5.7% to $22.54. ARK also bought around $646,000 in Robinhood shares on Monday, when the stock fell 1.4% to $83.80, according to Yahoo Finance.
Circle ranked among the top five holdings in three ARK ETFs as of Tuesday, accounting for $270.3 million (4.6%) of ARKK, $71.4 million (4.4%) of ARKW and $42.6 million (5.9%) of ARKF, according to ARK's holdings disclosures.