EL7.AI
Crypto•5 July 2026•
1 min read

Cathie Wood’s Ark Invest Buys $77M Crypto Stock Dip

Key Facts

1Cathie Wood's ARK Invest purchased approximately $77 million worth of crypto stocks during June.
2Purchases included $44 million in COIN, $25.25 million in CRCL, and $8.2 million in BLSH.

In a move reflecting a strategy of capitalizing on sharp market downturns, Cathie Wood's ARK Invest has doubled down on its digital asset thesis. According to reports, the firm purchased approximately $77 million worth of crypto-related stocks during June. The buying spree included a $44 million allocation to Coinbase (COIN), alongside $25.25 million in Circle (CRCL) and $8.2 million in Bullish (BLSH).

These acquisitions come at a critical juncture for the sector as institutional players gauge the resilience of trading platforms amid price volatility. In comparison to peers, Robinhood (HOOD) reported a 224% year-over-year increase in crypto trading volumes in its latest quarterly results (Source: HOOD Earnings), signaling broader sector momentum. Per market data, investors are closely watching whether Coinbase can maintain its fee structures as competition from spot ETFs intensifies.

Regarding price action, COIN stood at $165.48 (at close July 2, 2026), having hit an intraday high of $173.09. Traders should look ahead to the Chinese Manufacturing PMI data on June 30, 2026, as a potential catalyst for global risk sentiment.