Catenaa, Saturday, February 21, 2026- Cathie Wood’s Ark Invest expanded its crypto-related holdings Thursday, purchasing additional shares in Ethereum treasury firm Bitmine and crypto exchange Bullish, signaling a bet on the sector despite recent market weakness.
Ark acquired 212,314 Bitmine shares across three of its ETFs, valued at roughly $4.2 million at Thursday’s closing price. Bitmine shares rose 1.4% to $19.74 but remain down 36.7% over the past month.
The firm also bought 74,323 shares of Bullish, worth about $2.4 million, marking the eleventh consecutive trading day of additional purchases in the exchange. Bullish shares declined 0.5% to $31.71, down 18% in the past month.
In a separate move, Ark added 174,767 Robinhood shares to its funds for $12.4 million, as the stock fell 8.9% Thursday, extending monthly losses to 40%. Ark’s strategy caps individual holdings at 10% of a fund’s portfolio to maintain diversification, suggesting further rebalancing could occur if valuations shift.
Bullish is currently Ark’s ninth-largest holding in its ARKF fund, representing a 3.4% weighting, or nearly $30 million.
The firm also holds positions in Circle, Block, and Coinbase.
The broader market weighed on Ark’s portfolio. Thursday saw major U.S. indexes fall, with the Dow Jones down 1.3%, Nasdaq down 2%, and the S&P 500 down 1.6%. Bitcoin traded near $66,754, down 1% in 24 hours, while Ether slipped 0.7% to $1,962.
