CoinDesk Podcast Network Cathie Wood's ARK Invest Buys $59M in Crypto Stocks Amid Market Slide | CoinDesk Daily
Dec 16, 2025
Cathie Wood makes waves by investing $59 million in crypto stocks during a market downturn, picking up shares in Coinbase, Circle, and Bullish. The discussion highlights the strategy of buying the dip and examines ARK Invest's broader crypto holdings. Additionally, Visa collaborates with Circle to introduce a stablecoin settlement program in the U.S., paving the way for innovative blockchain partnerships. Tune in for insights on market movements and the evolution of digital finance!
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Labor Data Moved Bitcoin
- U.S. labor data showed November payrolls up 64,000 but revealed a net loss of 105,000 jobs in October and rising unemployment.
- Bitcoin dipped under $87,000 after the report, linking macro data to crypto price moves.
ARK Buys Deep Into Dip
- ARK Invest bought about $59 million in crypto equities during a sector drawdown, signaling buy-the-dip behavior.
- The firm holds massive stakes like $600M in Coinbase and $323M in Circle, showing long-term conviction despite volatility.
Buying During Heavy Losses
- ARK increased positions in Coinbase, Circle and Bullish while those stocks fell sharply that day.
- These purchases align with ARK's stated strategy of buying into drawdowns to reinforce long-term positions.