Cathie Wood’s ARK Buys Coinbase and Circle While Trimming Archer and Baidu

By: CryptoProwl ARK Invest added to Coinbase (NASDAQ: $COIN ) and Circle (NYSE: $CRCL ) across two sessions, using a sharp pullback in crypto-linked equities to increase exposure to two of the sector’s most visible public-market names. Cathie Wood’s flagship ARK Innovation ETF bought 30,763 Coinbase shares across Thursday and Friday, according to trade disclosures cited by Stocktwits. The fund also purchased 114,223 shares of Circle Internet Group over the same period, with the larger Circle buy coming Friday after the stablecoin issuer’s stock closed down more than 11%. The buying comes after a difficult session for both companies. Coinbase closed down more than 7% on Friday and slipped another 0.52% after hours, while Circle was roughly flat after hours following its double-digit decline. Stocktwits data showed retail sentiment around both names remained bearish, with normal chatter around Coinbase and low chatter around Circle. ARK’s latest trades fit a familiar pattern for the firm: adding to high-conviction growth names during volatility while trimming other positions to rebalance the portfolio. Alibaba (NYSE: $BABA ) was the largest purchase by share count during the period, with ARKK adding 245,342 shares, or about 0.45% of the ETF. The fund also bought 40,078 Meta shares and 14,190 Broadcom shares. On the sell side, ARKK cut 784,380 shares of Archer Aviation across the two sessions and sold 457,754 Baidu shares, its largest disposal by share count during the period. Veracyte and Teradyne were also reduced. The crypto side of the trade is the clearer signal for digital-asset markets. Coinbase remains one of the main public proxies for U.S. crypto trading and custody, while Circle gives ARK direct exposure to the stablecoin business at a time when dollar tokens are becoming a bigger part of payments and market infrastructure. Coinbase Global Inc. (NASDAQ: COIN) is currently trading at $152.50 U.S. per share. Circle Internet Group Inc. (NYSE: CRCL) is trading at $80.27 U.S. per share.