Cathie Wood Doubles Down on Crypto Stocks With Bold New Buys

Cathie Wood’s ARK Invest has once again demonstrated its conviction in digital assets, boosting positions in two of the sector’s most closely watched names: Bullish and BitMine Immersion Technologies.

Millions added across ARK’s core funds

Trade filings this week show ARK directing more than $23 million into the pair through three of its flagship ETFs – ARKK, ARKW, and ARKF. The move continues a pattern of aggressive allocation that has defined Wood’s strategy in 2025.

ARK was already a headline buyer when Bullish hit the public markets in August. The exchange operator raised $1.1 billion in its IPO, and ARK immediately committed about $172 million on day one, becoming one of the largest institutional stakeholders.

Bullish extends post-IPO surge

Since debuting, Bullish shares have kept momentum, rising another 6% this week. The company has positioned itself as more than just an exchange – it also owns CoinDesk and maintains regulatory footholds in Hong Kong, Singapore, and Gibraltar. Opting for a traditional IPO instead of a SPAC, Bullish has signaled its intent to secure credibility with mainstream investors.

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BitMine ramps up Ethereum strategy

While Bullish grabs headlines, BitMine has been executing an equally ambitious play: rapid accumulation of Ethereum. The firm recently bought $65 million in ETH via Galaxy Digital, raising its total holdings to over 1.5% of circulating supply. Unlike some peers, BitMine stresses that all purchases are cash-funded, avoiding leverage.

With exchange reserves of ETH down nearly 40% since 2022, BitMine’s balance sheet represents a direct bet on scarcity. Combined with ARK’s confidence, the company has become one of the strongest corporate bulls on Ethereum.