Cathie Wood Continues Aggressive Buying Streak in Coinbase, Circle, and Alphabet Inc.

Ark Invest has continued its aggressive buying streak, adding large positions in tech and crypto-related equities. The firm purchased over 174,000 shares of Alphabet Inc., valued at $56 million, and added $3.75 million worth of shares in Coinbase, $7 million in Circle, and nearly $2 million in its Bitcoin product. Ark has been increasing its exposure to AI, crypto, and blockchain-related companies, dismissing warnings of an "AI bubble" and citing a recent MIT study on the lag in corporate adoption cycles.