Ark Invest Buys The Dip, Adds Circle, BitMine, And Bullish Shares

Cathie Wood’s Ark Invest is buying the dip with new purchases of Circle, Bullish and BitMine shares.

The asset management titan said it bought $15.56 million worth of Circle shares across its three ETFs (exchange-traded funds). The ARK Innovation ETF (ARKK) bought 130,595 Circle shares, while the ARK Next Generation Internet ETF (ARKW) and the ARK Fintech Innovation ETF (ARKF) bought 38,313 and 20,033 Circle shares, respectively.

Here’s every move Cathie Wood and Ark Invest made in the stock market today 11/13 pic.twitter.com/kT31a9mzva

— Ark Invest Tracker (@ArkkDaily) November 14, 2025

Through those funds, Ark Invest also purchased 242,347 shares in BitMine worth roughly $8.86 million, and 177,480 Bullish shares for $7.28 million.

Ark Invest Bullish Stablecoin Growth Outlook

It is the second consecutive day that Ark Invest has bought Circle shares across its funds. Prior to the latest buy, the asset management firm had acquired a total 353,328 Circle shares for more than $30 million.

Here’s every move Cathie Wood and Ark Invest made in the stock market today 11/12 pic.twitter.com/hXQWyCv2RU

— Ark Invest Tracker (@ArkkDaily) November 13, 2025

The bet on Circle is fueled by the firm’s prediction that the stablecoin market will continue to grow in coming years. 

In an earlier interview with CNBC, Wood said that stablecoins are increasingly being used instead of Bitcoin to make payments, and are scaling faster than the largest crypto by market cap. 

Because of that, Ark slashed its target for the Bitcoin price to $1.2 million by 2030 from $1.5 million previously. 

“Stablecoins are usurping part of the role we thought Bitcoin would play,” Wood said. “Given what’s happening to stablecoins—serving emerging markets in the way we thought Bitcoin would—I think we could take $300,000 off of that bullish case [for Bitcoin].”

Circle’s USDC is the second-largest stablecoin with a market capitalization of more than $75.6 billion. 

ARK Buys The Dip

The Ark purchases came as the crypto industry’s market cap dropped over 6% in the past 24 hours to stand at around $3.27 trillion as of 6:22 a.m. EST, according to CoinMarketCap. 

Crypto-related stocks also fell, with USD Coin (USDC) issuer Circle, which went public earlier this year, dropping more than 4% in the last 24 hours, according to Google Finance. 

Circle share price (Source: Google Finance)

Circle’s shares are now down more than 38% in the past month. 

BitMine’s share price took an even bigger knock in the last 24 hours, plummeting over 9%, while Bullish, the digital trading platform backed by Peter Thiel, saw its share price drop by a similar amount. 

Circle Reported Strong Q3 Performance, Receives “Outperform” Rating For Its Stock

While Circle’s share price has dropped in recent months, the stablecoin issuer reported that Q3 revenue surged 66% from a year earlier to $740 million. 

Circle has also launched the testnet of its layer-1 Arc blockchain that it says has seen participation from over 100 firms from across different industries. 

With the strong Q3 performance and blockchain launch, other analysts have shared Wood’s view that Circle shares may be undervalued. Among them are analysts from the investment bank William Blair, which gave the company an “outperform” rating for its stock in a report earlier this week. 

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