Bitcoin News Today: ARK Defies Crypto Downturn, Loads Up on CoreWeave, Bullish Shares

ARK Invest Increases Crypto Stock Holdings Amid Market Turbulence

Cathie Wood's ARK Invest is doubling down on crypto-related stocks amid a broader market slump, with the firm acquiring over $39 million in shares of companies like CoreWeave, Circle, and Bullish in late November 2025. These moves contrast with widespread declines in the cryptocurrency sector, where Bitcoin fell to $87,000 and U.S. spot Bitcoin ETFs saw record outflows, including $523 million in single-day redemptions from BlackRock's IBIT. ARK's strategy, dubbed "buying the dip," reflects its long-term optimism about crypto infrastructure despite short-term volatility.

The firm's largest recent purchase was $31.3 million in CoreWeave Inc. (NASDAQ: CRWV) shares, signaling confidence in the AI cloud infrastructure provider. CoreWeave's recent all-stock acquisition of Core Scientific has positioned it to lead in energy-intensive AI computing, with ARK accumulating over 788,000 shares since late October. Analysts note the deal removes leasing costs and secures critical assets, giving CoreWeave an edge over rivals like Microsoft and Amazon. Despite rising revenue-up 210.3% year-on-year to $1.21 billion in Q2 2025-the company's adjusted net loss has widened as it scales rapidly.

ARK also expanded its stake in crypto infrastructure firms BitMine Immersion Technologies (BMNR) and Bullish (BLSH), purchasing $7.6 million and $16.9 million in shares, respectively. The firm's ARK Innovation ETF (ARKK) now holds 1.16 million Bullish shares valued at $73.85 million according to market data. These investments align with ARK's broader pivot toward blockchain and digital assets, even as it trimmed positions in traditional tech stocks like GitLab (GTLB), selling over $26.8 million worth of shares in a single day. The divestment underscores skepticism about the tech sector's near-term resilience, contrasting with ARK's bullish bets on AI and crypto.

The market backdrop has been challenging. November saw a $3.79 billion net outflow from U.S. crypto ETFs, with Bitcoin's fourth "death cross" technical pattern fueling pessimism. Yet ARK's purchases suggest it views the downturn as an opportunity. Wood recently revised her Bitcoin price target to $1.2 million by 2030, down from $1.5 million but still reflecting strong conviction. The firm also increased its exposure to Coinbase (COIN) and Robinhood (HOOD), betting on fintech's role in crypto adoption.

ARK's approach has drawn mixed reactions. While some analysts praise its contrarian stance, others highlight risks, such as CoreWeave's shrinking margins and heavy debt according to recent reports. The firm's success will hinge on whether the crypto market rebounds or continues its slide. Meanwhile, smaller cryptocurrencies like Solana (SOL) and XRP attracted $300 million and $410 million in new ETF inflows, respectively, as investors seek alternatives to Bitcoin.

As ARK continues to reshape its portfolio, its actions highlight a growing divide in institutional sentiment. While BlackRock and others see outflows as a sign of waning interest, Wood's team remains focused on long-term growth, betting that crypto infrastructure will underpin the next phase of digital innovation.