Renowned investor Cathie Wood is strategically increasing her holdings in crypto-related stocks amidst a recent market downturn that saw Bitcoin (BTC) drop to its lowest price since 2024.
Recent trade disclosures from Ark Invest reveal that Wood’s funds have acquired additional shares in various crypto-related companies as Bitcoin falls below $80,000.
Among the notable investments are $3.9 million in the ARK Bitcoin Holding Company (ARKB) ETF, $6.2 million in Bullish (BLSH), $6.4 million in Bitmine Immersion Technologies (BMNR), $1.3 million in Coinbase (COIN), $9.6 million in Circle Internet Group (CRCL), and $33.5 million in Robinhood (HOOD).
Additionally, Ark Invest holds $5.5 million in AeroVironment (AVAV), $15.1 million in Caterpillar (CAT), and $15 million in CoreWeave (CRWV), an artificial intelligence cloud-computing company.
Wood remains optimistic about Bitcoin’s future, predicting that it could surpass the million-dollar mark in the coming years. In a recent CNBC interview, she suggested that the price of Bitcoin could reach $1.2 million by 2030.
Despite Bitcoin dropping to $72,882.55 this week, Wood’s firm continues to invest in crypto stocks. As of now, Bitcoin is trading at $76,061, marking a 3.01% decrease over the last 24 hours.
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