Cathie Wood’s Ark Invest continues its bullish stance on crypto infrastructure amid a market dip, announcing significant purchases on November 13, 2025.
The firm allocated funds across three key exchange-traded funds (ETFs): ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). These moves signal growing confidence in stablecoins, blockchain mining, and digital asset exchanges despite recent price volatility.
ARKK: 52,011 shares partial; full split across ETFs not detailed. Approximately $31.7 million in these crypto-linked assets. These buys followed a strong Q3 earnings report from Circle, which saw revenue surge 66% year-over-year to $740 million, net income rise 202% to $214 million, and USDC circulation more than double to $73.7 billion.
Despite this, shares dipped on the day of purchase. The trades occurred as the broader crypto market corrected, with total market cap falling over 6% to around $3.27 trillion in the 24 hours following. Closing prices on November 13 reflected the downturn: Circle (CRCL): Down 4.59% to $82.34.
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BitMine (BMNR): Down 9.86% to $36.57 a Bitcoin mining firm holding over 3.5 million ETH, valued at ~$11 billion. Bullish (BLSH): Down 9.85% to $41.02 a Peter Thiel-backed digital asset trading platform.
This “buy the dip” strategy aligns with Ark’s recent pattern. Over the prior two days, the firm added another 353,328 Circle shares worth ~$30 million, bringing its two-day Circle total to ~$46 million. Earlier in November, Ark scooped up $12 million in Bullish shares.
Meanwhile, it trimmed non-crypto holdings, selling $15.6 million in Pinterest and $8.2 million in Regeneron. Ark’s ramp-up in crypto exposure underscores Cathie Wood’s view that stablecoins like USDC are reshaping global finance, potentially capping Bitcoin’s upside she recently adjusted her 2030 BTC price target from $1.5 million to $1.2 million due to stablecoin growth.
Analysts see these moves as bets on a “winner-take-most” stablecoin market, with Circle leading alongside services like tokenization and blockchain infrastructure.
CEO of ARK Invest, has been one of Bitcoin’s most vocal advocates since 2014, viewing it as “digital gold” and a hedge against both inflation and deflation. Her predictions have evolved with market developments like ETF approvals, institutional adoption, and the rise of stablecoins.
ARK’s models emphasize Bitcoin’s finite supply 21 million coins, network effects, and penetration into global portfolios. As of November 2025, Wood remains optimistic but has tempered her long-term targets due to stablecoins capturing some expected Bitcoin use cases in emerging markets.
Spot Bitcoin ETFs unlocking trillions in capital; 50% upside from prior $1M target. On-chain metrics like hashrate and holder supply; halving cycles. Institutional allocations rising to 6.5% of portfolios; Bitcoin as a new asset class.
72% CAGR in bull case; active supply reduction and ETF inflows; stablecoin growth noted as secondary factor. Doubled down on base case despite volatility; corporate and sovereign adoption.
Down from $1.5M; stablecoins processed $15.6T in 2024 surpassing Visa/Mastercard, reducing Bitcoin’s emerging-market role but boosting its “digital gold” status. With Bitcoin trading around $102,000, Wood’s base case implies ~1,076% upside by 2030.
She highlighted this at a Cantor Fitzgerald conference, noting stablecoins’ rapid growth (e.g., USDC circulation doubling to $73.7B) has “usurped” Bitcoin’s expected medium-of-exchange role in high-inflation regions like Venezuela 269% inflation in 2025.
Despite the adjustment, ARK sees Bitcoin’s store-of-value potential “soaring” via institutional demand. Wood’s models project Bitcoin capturing market share from gold ~$15T market cap and traditional assets.
ETFs could drive 5–6.5% portfolio allocations, adding $2.5T–$5T in inflows. Firms like MicroStrategy and nations (e.g., potential U.S. reserves) hoarding BTC. Higher hashrate, long-term holders, and non-zero addresses signal maturation.
Bitcoin as a “risk-off” asset during deflation (e.g., 2023 banking crisis saw +40% BTC surge) or inflation. While capping upside, they enhance crypto infrastructure, indirectly benefiting Bitcoin. Bitcoin’s history includes 80%+ drawdowns in 2018, 2022. U.S. pro-crypto shifts under Trump help, but global crackdowns (e.g., China) persist.
Stablecoins and altcoins could fragment demand. Some call Wood’s targets “financial astrology,” citing over-reliance on adoption FOMO vs. fundamentals. Wood’s track record is mixed—ARK nailed Tesla’s rise but underperformed on broader markets—yet her Bitcoin calls have aged well post-ETF launches.