Ark Invest Buys Big into Coinbase, Circle, and Bullish Stocks

Cathie Wood's investment firm Ark Invest made significant purchases in several crypto-related companies on Monday, including Coinbase, Circle Internet Group, and Bullish.

The trades were spread across three of Ark's exchange-traded funds: ARKK, ARKW, and ARKF. The firm bought 45,164 shares of Coinbase, valued at $6.85 million based on Monday's closing price.

Circle Internet Group saw a similar investment, with Ark purchasing 81,757 shares worth $6.21 million. The company also acquired 149,422 shares of Bullish, a crypto exchange, for $3.54 million.

Rounding out the purchases was a growth in Robinhood's position by 2,943 shares, valued at approximately $299,685. All four companies saw their stock prices rise on Monday, with Coinbase closing up 1.74% at $151.65 and Circle gaining 3.25% to close at $75.96.