Key facts
- ARK Invest acquired nearly $25.54 million in shares of Coinbase, Robinhood, Circle, and SpaceX.
- The purchases were made through various ARK Invest ETFs, including ARKK, ARKW, ARKF, ARKQ, and ARKX.
- Coinbase was the largest acquisition by quantity, with 68,366 shares bought.
- ARK Invest also recently invested $32.5 million in SpaceX stock.
- The transactions reflect ARK's ongoing belief in firms with digital asset ties and financial technology innovation.
Cathie Wood's ARK Invest strategically purchased nearly $25.54 million in shares of Coinbase, Robinhood, Circle, and SpaceX across several of its exchange-traded funds. These acquisitions occurred as the crypto market experienced a downturn, signaling ARK's continued confidence in companies with ties to digital assets, financial technology, and AI innovation.
The firm acquired the largest quantity of Coinbase shares, totaling 68,366, valued at approximately $10.19 million. Additionally, ARK enhanced its stake in SpaceX by purchasing 45,728 shares worth about $7.01 million. The asset manager also bought 78,756 shares of Circle for approximately $5.79 million, 57,511 shares of Bullish for about $1.34 million, and 12,269 shares of Robinhood for roughly $1.21 million.
These recent transactions follow ARK's earlier purchases this week, including over 111,000 Coinbase shares and a $32.5 million investment in SpaceX stock.