Cathie Wood’s Ark Buys the Crypto Stock Dip, Investing $72M as Bitcoin Slumps

Ark Invest, led by Cathie Wood, purchased approximately $72 million in crypto-related stocks on Monday amid a market slide triggered by Bitcoin falling below $75,000.

The firm bought shares of Robinhood, CoreWeave, Circle, Bitmine, Bullish (parent of CoinDesk), Block, and Coinbase across several of its ETFs.

This latest dip-buying operation aligns with Ark’s strategy of capitalizing on volatility-linked equity weakness, echoing a similar $21.5 million move made in late January.