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Ark Adds $9.1M in Circle and Bullish as Crypto Stocks Keep Sliding

The Nov. 25 buys included $7.6 million in Circle and $1.5 million in Bullish, with both stocks down on the day as BTC trades around $87,500.

Updated Nov 26, 2025, 10:39 a.m. Published Nov 26, 2025, 7:33 a.m.
Ark Invest's Cathie Wood (Danny Nelson/CoinDesk, modified by CoinDesk)

What to know:

  • Ark Invest purchased $7.6 million in Circle shares and $1.5 million of Bullish stock on Tuesday.
  • The acquisition occurred as crypto prices remained soft, with bitcoin near $87,500.
  • Ark's largest crypto holdings include Coinbase, accounting for 4% of its total holdings, and Circle, making up 2%.

Ark Invest bought about $7.6 million of Circle (CRCL) and $1.5 million of Bullish (BLSH) stock on Nov. 25, extending its crypto-equity buying even as both names traded lower.

Bullish is the parent company of CoinDesk.

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The move came while crypto prices were still soft, with bitcoin hovering near $87,500. Bullish closed at $40.50, down 2.41%, while Circle fell 3.62% to $70.11.

Ark also purchased 15,197 shares of Coinbase’s (COIN) stock, worth roughly $3.86 million at about $254 per share. COIN is down around 30% on-month, matching the rest of the sector's broad decline.

The Nov. 25 trades follow Ark’s larger Nov. 20 dip buy, when the firm accumulated hundreds of millions of dollars in crypto-related equities across its flagship ETFs as bitcoin crashed.

In total, ARK holds $151.8 million of BLSH shares across its various funds.

Its largest crypto holdings are Coinbase (COIN), which accounts for 4% of its total holdings, or $506.4 million, and Circle, which comes in at 2% of holdings or around $255 million.

UPDATE (Nov. 26 10:30 UTC): Added COIN buy.

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"Crypto is cyclical, and experience tells us it’s never as good, or as bad as it seems," said the company.

What to know:

  • Crypto exchange Coinbase reported a fourth quarter earnings miss.
  • Transaction revenue of $982.7 million was down from $1.046 billion the previous quarter and $1.556 billion in the fourth quarter one year ago.
  • In the first quarter of 2026 through Feb. 10, the company has seen about $420 million in transaction revenue.
  • Shares were modestly higher in after-hours trade, though remaining down about 40% year-to-date.