Cathie Woods ARK Buys $59M in Crypto Stocks During Market Slump

There’s blood on the crypto streets, and Cathie Wood has decided to buy. Cathie Wood’s ARK Invest (Nasdaq: ARKK) bought $59 million in crypto-related stocks on December 15, doubling down on its “buy the dip” approach as market sentiment weakened. According to ARK’s daily trade disclosures, the company added heavily to crypto-linked equities during a multi-day downturn.  The firm acquired significant positions in crypto-related equities during a period of intraday declines. ARK Investment’s recent key purchases Company (Ticker)Purchase AmountIntraday PerformanceCoinbase Global Inc. (Nasdaq: COIN)$16.3 MillionFell by over 6%Bitmine Immersion Tech. Inc. (Nasdaq: BMNR)$17 MillionFell by more than 11%Circle Internet Group Inc. (Nasdaq: CRCL)$10.8 MillionDropped nearly 10%CoreWeave Inc. (Nasdaq: CRWV)$9.9 MillionSlid close to 8%Bullish Inc. (Nasdaq: BLSH)$5.2 MillionExtended a multi-day decline ARK’s moves were not isolated trades but part of a broader accumulation trend. Crypto-related stocks now make up more than $1.5 billion of the firm’s $6.7 billion portfolio. As of mid-December, ARK’s most prominent positions in this sector include approximately $609 million in Coinbase (NASDAQ: COIN), $323 million in Circle (NYSE: CRCLE), $275 million in Bitmine (NYSE: BMNR), $194 million in Bullish (NYSE: BLSH), and about $140 million in CoreWeave (NASDAQ: CRWV). However, the fundamentals of key holdings vary widely.  For instance, Coinbase reported a 55% increase in third-quarter 2025 revenue, reaching $1.9 billion, with its net income rising fivefold to $433 million.  In contrast, CoreWeave’s revenue more than doubled to $1.36 billion from $583.9 million a year prior.  CoreWeave lost ~46% in six weeks, wiping ~$33B off its market cap. Delays at data centers, heavy debt, and a failed merger hit confidence. This isn’t just numbers, fear, not fundamentals, is driving the dropAI demand is real, but bets on CoreWeave are risky. If you are… pic.twitter.com/Hd4FWGfT5r— Trozan The Builder (@trozan006) December 16, 2025 However, CoreWeave faces challenges related to its aggressive, debt-fueled expansion, which has led to an accumulated debt of over $14 billion.  Earlier this month, this strategy continued as the company undertook a $2 billion convertible bond offering—a move that inadvertently pushed its stock price lower. Assessing ARK’s Shifting Fortunes ARK Investment Management, founded by Cathie Wood, rose to prominence during the 2020 pandemic, but its performance has since shifted. The firm’s assets under management (AUM) have fallen significantly. Specifically, after peaking near $59 billion in early 2021, they now stand at $7.7 billion as of December 17, as the company’s ETFs have faced billions in withdrawals each year. ARK’s strategy has also drawn criticism. It concentrates heavily on a small number of stocks and employs a “buy the dip” approach. Furthermore, the firm exited its position in Nvidia before the stock’s major AI-driven rally.