ARK Invest Snaps Up Millions in Crypto-Related Stocks Including Coinbase and SpaceX

Cathie Wood's ARK Invest continues to show its confidence in companies tied to digital assets and financial technology. The asset manager has made a series of significant investments, totaling nearly $25.54 million.

The largest acquisition by quantity was Coinbase, with ARK buying 68,366 shares across three ETFs: ARKK, ARKW, and ARKF. This purchase valued at around $10.19 million is based on Coinbase's closing price of $149.06 on Friday.

ARK also increased its stake in SpaceX stock by 45,728 shares across four funds: ARKK, ARKQ, ARKW, and ARKX. The investment was worth approximately $7.01 million at the closing price of $153.23.

In addition to these significant investments, ARK bought 78,756 shares of Circle Internet Group in three ETFs: ARKK, ARKW, and ARKF. This purchase totaled around $5.79 million based on Circle's closing price of $73.57.