Cathie Wood doubles down on Coinbase, Circle and Google

GOOG -1.04% BMNR +9.79% COIN +4.27% CRCL +3.61% ETH-USD -0.15%

Ark Invest continued its aggressive buying streak this week, adding large positions in major technology and crypto-related equities across its actively managed exchange-traded funds.

The firm purchased more than 174,000 shares of Google parent Alphabet Inc. (NASDAQ: GOOG), valued at over $56 million, on Nov. 26. The move came one week after Alphabet unveiled Gemini 3, its most advanced artificial intelligence (AI) model to date.

ARK also added roughly $3.75 million worth of shares in Coinbase, $7 million in Circle, and nearly $2 million in its own Bitcoin product, the ARK 21Shares Bitcoin ETF (ARKB).

Ark Invests doubles down on AI and crypto

Ark has been steadily increasing its exposure to AI, crypto, and blockchain-related companies during November.

Last week, the firm added new positions in Coinbase and BitMine Immersion Technologies (BMNR), an Ethereum-focused treasury and mining infrastructure company.

ARK first bought BMNR shares in July, with Wood calling the $182 million position a “vote of confidence” in the Ether proxy.

The firm has also been accumulating Circle stock as the USDC issuer trades near post-IPO lows. On Nov. 12, ARK purchased more than $30 million in Circle shares before adding another, smaller tranche the following day alongside stakes in two other crypto firms.

Earlier this month, Wood revised its 2030 Bitcoin (BTC) outlook from $1.5 million to $1.2 million, citing the rapid expansion of stablecoins, increasing gold price, and shifting liquidity conditions.

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Wood rejects 'AI bubble' warnings

Speaking during Ark’s November Fund mARKet Update Webinar on Nov. 22, Wood dismissed comparisons between today’s AI-driven market and the early 2000s tech and telecom bubble.

“We think this AI story has just begun,” Wood said. “We are in the first innings of a long-term technological revolution.”

Wood addressed concerns that AI has yet to produce broad productivity improvements.

Citing a recent MIT study, she said the lag is typical of early corporate adoption cycles and argued that markets continue to underestimate the scale of the transformation.

Related: Cathie Wood and Ark Invest Load up on Bitcoin and Coinbase During Dip

This story was originally published by TheStreet on Nov 26, 2025, where it first appeared in the Technology News section. Add TheStreet as a Preferred Source by clicking here.