The post Cathie Wood’s Ark Invest Buys the Dip on Coinbase, Circle and Tom Lee’s Ethereum Giant BitMine appeared on BitcoinEthereumNews.com. In brief Cathie WoodThe post Cathie Wood’s Ark Invest Buys the Dip on Coinbase, Circle and Tom Lee’s Ethereum Giant BitMine appeared on BitcoinEthereumNews.com. In brief Cathie Wood

Cathie Wood’s Ark Invest Buys the Dip on Coinbase, Circle and Tom Lee’s Ethereum Giant BitMine

In brief

  • Cathie Wood’s Ark Invest bought the dip in crypto stocks including BitMine Immersion Technologies, Coinbase, and Circle.
  • The firm now maintains a position of more than $600 million in COIN, its third-largest holding across its ETFs.
  • Wood, a Bitcoin bull, recently dropped her BTC price target from $1.5 million to $1.2 million per coin in 2030.

Ark Invest, the investment firm of noted tech investor Cathie Wood, added shares of popular crypto-related equities like Coinbase, Circle, and BitMine Immersion Technologies amid falling share prices on Monday.

The firm’s largest additions were in Tom Lee’s Ethereum treasury firm BitMine (BMNR) and American crypto exchange Coinbase (COIN). Across three of its actively managed ETFs it added more than 550,000 shares of BMNR valued around $17 million and nearly 65,000 shares of COIN valued at $16.5 million. 

Shares of both firms have fallen in the last five trading days, with COIN dropping around 9% and recently changing hands at $251.88. Meanwhile, BMNR has decreased more than 21% in the same timeframe to trade at $30.92. 

Beyond COIN and BMNR, Ark also added around $11.8 million in stablecoin issuer Circle (CRCL), $5.3 million of crypto exchange Bullish (BLSH), and $1 million in Solana treasury firm Brera Holdings. Likewise, shares in the trio have all fallen at least 6% in the last 5 trading days. 

Wood’s firm has been relentlessly buying equity dips in the last month, highlighted by notable additions of shares in BitMine, Coinbase, and Circle in particular. 

As it stands, Coinbase currently sits as the firm’s third-largest holding, while Circle and BitMine follow at 12th and 14th, respectively, according to data from Cathie’s Ark—a public database of Ark Invest holdings. Across its ETFs the firm holds $609 million in shares of COIN, $323 million worth of shares in CRCL, and $275 million in shares of BMNR.

In addition to the crypto equities, the firm added around $400,000 worth of shares in ARKB—its own 21Shares-issued Bitcoin ETF—as the price of Bitcoin slid below $86,000

Wood is known for ambitious price targets for the leading crypto asset, but recently she dropped her 2030 forecast from $1.5 million per Bitcoin to $1.2 million. That’s on account of rising stablecoin adoption, which she said minimizes one potential Bitcoin use case.

Last week she noted that the asset may have already seen its low, citing institutional acceptance of Bitcoin as a potential disruption for the “four-year cycle.” 

Bitcoin has rebounded slightly on Tuesday, rising 2.6% to recently change hands at $87,716. It remains more than 30% off its October all-time high of $126,080.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source: https://decrypt.co/352571/cathie-woods-ark-invest-buys-dip-coinbase-circle-tom-lee-ethereum-bitmine

Market Opportunity
ARK Logo
ARK Price(ARK)
$0.2603
$0.2603$0.2603
-2.03%
USD
ARK (ARK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Crypto Market Cap Edges Up 2% as Bitcoin Approaches $118K After Fed Rate Trim

Crypto Market Cap Edges Up 2% as Bitcoin Approaches $118K After Fed Rate Trim

The global crypto market cap rose 2% to $4.2 trillion on Thursday, lifted by Bitcoin’s steady climb toward $118,000 after the Fed delivered its first interest rate cut of the year. Gains were measured, however, as investors weighed the central bank’s cautious tone on future policy moves. Bitcoin last traded 1% higher at $117,426. Ether rose 2.8% to $4,609. XRP also gained, rising 2.9% to $3.10. Fed Chair Jerome Powell described Wednesday’s quarter-point reduction as a risk-management step, stressing that policymakers were in no hurry to speed up the easing cycle. His comments dampened expectations of more aggressive cuts, limiting enthusiasm across risk assets. Traders Anticipated Fed Rate Trim, Leaving Little Room for Surprise Rally The Federal Open Market Committee voted 11-to-1 to lower the benchmark lending rate to a range of 4.00% to 4.25%. The sole dissent came from newly appointed governor Stephen Miran, who pushed for a half-point cut. Traders were largely prepared for the move. Futures markets tracked by the CME FedWatch tool had assigned a 96% probability to a 25 basis point cut, making the decision widely anticipated. That advance positioning meant much of the potential boost was already priced in, creating what analysts described as a “buy the rumour, sell the news” environment. Fed Rate Decision Creates Conditions for Crypto, But Traders Still Hold Back Andrew Forson, president of DeFi Technologies, said lower borrowing costs would eventually steer more money toward digital assets. “A lower cost of capital indicates more capital flows into the digital assets space because the risk hurdle rate for money is lower,” he noted. He added that staking products and blockchain projects could become attractive alternatives to traditional bonds, offering both yield and appreciation. Despite the cut, crypto markets remained calm. Open interest in Bitcoin futures held steady and no major liquidation cascades followed the Fed’s decision. Analysts pointed to Powell’s language and upcoming economic data as the key factors for traders before building larger positions. Powell’s Caution Tempers Immediate Impact of Fed Rate Move on Crypto Markets History also suggests crypto rallies after rate cuts often take time. When the Fed eased in Dec. 2024, Bitcoin briefly surged 5% cent before consolidating, with sustained gains arriving only weeks later. This time, market watchers are bracing for a similar pattern. Powell’s insistence on caution, combined with uncertainty around inflation and growth, has kept short-term volatility muted even as sentiment for risk assets improves. BitMine’s Tom Lee this week predicted that Bitcoin and Ether could deliver “monster gains” in the next three months if the Fed continues on an easing path. His view echoes broader expectations that liquidity-sensitive assets will outperform once the cycle gathers pace. For now, the crypto sector has digested the Fed’s move with restraint. Traders remain focused on signals from the central bank’s October meeting to determine whether Wednesday’s step marks the beginning of a broader policy shift or just a one-off adjustment
Share
CryptoNews2025/09/18 13:14
Vitalik Buterin Reveals Ethereum’s Long-Term Focus on Quantum Resistance

Vitalik Buterin Reveals Ethereum’s Long-Term Focus on Quantum Resistance

TLDR Ethereum focuses on quantum resistance to secure the blockchain’s future. Vitalik Buterin outlines Ethereum’s long-term development with security goals. Ethereum aims for improved transaction efficiency and layer-2 scalability. Ethereum maintains a strong market position with price stability above $4,000. Vitalik Buterin, the co-founder of Ethereum, has shared insights into the blockchain’s long-term development. During [...] The post Vitalik Buterin Reveals Ethereum’s Long-Term Focus on Quantum Resistance appeared first on CoinCentral.
Share
Coincentral2025/09/18 00:31
Federal Reserve Officials Forecast 2025 Rate Cuts

Federal Reserve Officials Forecast 2025 Rate Cuts

Detail: https://coincu.com/markets/federal-reserve-2025-rate-cuts/
Share
Coinstats2025/09/18 13:11