Wood Takes Advantage of Crypto Dip, Buys More Coinbase and Circle

Cathie Wood and her firm Ark Invest have made significant investments in Coinbase Global (NASDAQ:COIN) and Circle after a recent crypto market downturn.

The investments, totaling around $1.4 million, include buying 23,070 Circle shares, which has become ARKK's ninth-largest holding at $210.5 million.

Wood's investment firm has consistently used sharp pullbacks to increase exposure to innovation themes it believes in, including cryptocurrency.

Coinbase remains one of the largest publicly traded crypto exchanges and a key beneficiary of rising institutional adoption of digital assets.