To The Moon

The crypto market is tumbling, but Cathie Wood is buying the dip.

On Monday (Nov 17), Ark Invest — led by well-known Wall Street fund manager Cathie Wood — purchased roughly $10.2 million worth of $Bullish(BLSH)$ shares across three of its ETFs, expanding the firm’s exposure to crypto-related assets.

According to Ark’s latest trades:

• ARKK: +191,195 shares

• ARKW: +56,660 shares

• ARKF: +29,208 shares

Across three days, Ark has accumulated more than 530,000 shares of Bullish.

Here's every move Cathie Wood and Ark Invest made in the stock market on Nov 18:

At the same time Ark was adding to Bullish, the crypto market was undergoing heavy volatility. $Bitcoin(BTC.USD.HKCC)$ fell below $92,000, down more than 26% from its October peak, while $Bullish(BLSH)$ dropped around 4.5% on the day. Even so, Ark continued to “buy into weakness.”

This wasn’t an isolated move — Ark has been loading up on key on-chain assets

Over the past week, Ark has been consistently adding to core crypto infrastructure plays:

• Nov 13: Added $7.28M of $Bullish(BLSH)$

Bullish is a regulated crypto exchange based in the Cayman Islands, holding licenses in Germany, Hong Kong, Gibraltar, New York, and more. The company processed roughly $1.25 trillion in trading volume in 2024, making it one of the most important regulated venues benefiting from the ongoing institutional shift.

• Bought $15.56M of $Circle Internet Corp.(CRCL)$

Circle is the issuer of USDC, one of the world’s leading regulated stablecoins. As institutions adopt stablecoins and regulatory clarity improves, USDC is increasingly seen as core infrastructure connecting traditional finance and the crypto economy — perfectly aligned with Ark’s focus on “regulated crypto finance.”

• Bought $8.86M of $BitMine Immersion Technologies Inc.(BMNR)$

BitMine focuses on energy-efficient Bitcoin mining. With industry consolidation accelerating and demand for compliant hash power rising, the company is positioned to benefit from cost advantages and scale efficiency heading into the next Bitcoin cycle.

In just a matter of days, Ark’s total allocations to crypto-related names have exceeded $40 million.

📉 In contrast, Ark continues to trim social-media holdings

While doubling down on innovation, Ark has also been cutting exposure to slower-growth internet names — and recent earnings largely support this positioning.

• Trimmed ~$3M of $Reddit(RDDT)$

  Reddit fell about 3% in the past 24 hours, closing at $187.55.

• 3Q25 revenue +68% YoY — still strong

• But user growth continues to slow

• Monetization durability remains uncertain

• Sold ~$618K of $Pinterest, Inc.(PINS)$

  Pinterest closed down 4% at $25.52.

• 3Q25 adjusted EPS missed expectations; 4Q guidance also soft

• North America user growth barely improved, showing saturation

• Ad demand remains pressured, with limited progress in monetization

Ark also trimmed $Salesforce.com(CRM)$ and $Advanced Micro Devices(AMD)$ , reallocating capital toward crypto finance, biotech, and other high-conviction innovation themes.

🧭 Ark’s approach remains consistent: “Lean into disruption, fade the old playbook.”

This latest round of trades reflects Cathie Wood’s long-held investment philosophy:

Amid a sharp crypto pullback, Ark increased exposure to regulated, high-quality platforms like Bullish — betting that short-term volatility won’t derail the long-term shift toward institutional and compliance-driven crypto markets.

At the same time, Ark reduced positions in slower-growth, non-core names to free up capital for more disruptive sectors. With Bullish’s regulatory footing and institutional onboarding capabilities, Ark is positioning itself for long-term opportunities after industry consolidation.

In short: Ark is doubling down on institutional + regulated crypto, convinced that the long-term trajectory remains intact regardless of short-term swings.

Cathie Wood

❓So… would you follow Cathie Wood on this move?

1. Do you currently hold any crypto-linked assets (BTC, ETH, BLSH, COIN, etc.) or social-media stocks?

2. Do you agree with Ark’s strategy of buying into weakness?

3. Would you rotate out of Pinterest/Reddit and into crypto-financial names?

Drop your thoughts in the comments — curious to see how you’re reading this move![Happy]

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