2026-02-13 09:59:21
Cathie Wood strikes again: Ark invests over $20 million to increase holdings in Bitmine and Bullish, betting on a reversal after the decline in crypto assets
On February 13, Cathie Wood's Ark Invest once again increased its holdings in cryptocurrency-related stocks, defying market sentiment and making contrarian moves. According to disclosed data, Ark purchased a total of 212,314 shares of Ethereum treasury company Bitmine through three ETFs, worth approximately $4.2 million based on the closing price of the day. Bitmine rose slightly by 1.4% that day to $19.74, but has declined by 36.7% over the past month.
On the same day, Ark also increased its holdings by 74,323 shares of Bullish stock, valued at about $2.4 million. This marks Ark's 11th consecutive trading day of adding to this position. Bullish closed down 0.5% at $31.71 that day, with a nearly 30-day decline of 18%. Additionally, Ark bought approximately $12.4 million worth of 174,767 Robinhood shares, which fell 8.9% on the day, with a monthly decline expanding to 40%.