ARK Invest CEO Cathie Wood is one of the pioneering investors when it comes to crypto assets. She was one of the first names I encountered upon discovering Bitcoin (BTC) and other virtual assets.
After all, ARK Invest was the first public asset manager to gain Bitcoin exposure in 2015, she claimed. It wasn't even worth $500 a coin then, and now it's worth nearly $78,000—still a steep surge despite the recent crash.
From her embrace of Bitcoin amid sharp scrutiny to acquiring crypto-linked U.S. equities through funds, she has come a long way.
Whether it's the leading U.S. crypto trading exchange Coinbase (Nasdaq: COIN) or Twitter founder Jack Dorsey's Bitcoin technology company Block (NYSE: SQ), ARK Invest keeps purchasing shares of several popular crypto companies.
Related: Cathie Wood sends blunt message after Bitcoin crashes
Wood buys $72M worth of crypto stocks
The crypto market crash might have deterred her from acquiring more equities for some time, but it didn't take long for her to resume the crypto buying spree.
On Feb. 2 also, Wood's ARK bought approximately $72 million worth of popular crypto stocks:
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$32.7 million worth of Robinhood Markets (Nasdaq: HOOD), the e-trading platform popular for crypto and tokenized stock offerings
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$14.6 million of CoreWeave (Nasdaq: CRWV), a Bitcoin miner-turned-AI cloud computing company
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$9.4 million of Circle Internet Group (NYSE: CRCL), the crypto company behind the USDC stablecoin
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$6.3 million of Bitmine Immersion Technologies (NYSE: BMNR), the leading Ethereum treasury company
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$6 million of Bullish (NYSE: BLSH), the crypto trading exchange backed by Peter Thiel
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$1.9 million of Block (NYSE: XYZ)
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$1.3 million of Coinbase (Nasdaq: COIN)
Wood recommends four cryptocurrencies
Recently, a crypto user said on X that most Americans have no idea where to put their capital right now. In response, Wood said that despite whatever "consensus thinking" might be of late, there are four cryptocurrencies which could be "good diversifiers."
These four cryptocurrencies she recommended are Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and "perhaps" Hyperliquid (HYPE).
Launched in 2009, Bitcoin is the first decentralized cryptocurrency. With a market cap of $1.5 trillion, it is also the world's largest cryptocurrency.
Due to its scarce total supply, the cryptocurrency is called "digital gold" by Bitcoin maximalists because they believe both assets act as a hedge against inflation and dollar devaluation.
However, Bitcoin has been crashing over the last few months as gold keeps rallying despite recent correction.
When the leading cryptocurrency crashed below $76,000 this weekend, Wood underlined that the correlation between the Bitcoin and gold prices has been very low at 0.14 since early 2020. Nonetheless, the gold rally was followed by the Bitcoin rally during the last two major bull runs, she added.
BTC was trading at $75,006.74 at press time, down 14% in a week.
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Launched in 2015, Ethereum has become a popular blockchain choice for developers building decentralized applications (dApps). With a market cap of $266 billion, Ether is the second-largest cryptocurrency.
ETH was trading at $2,200.13 at press time, down 25% in a week.
Launched in 2020, Solana is a blockchain network that has become popular due to its high throughput. The network has been the launchpad for popular non-fungible tokens (NFTs) and meme coins.
With a market cap of $56 billion, SOL is the seventh-largest cryptocurrency.
In July last year, Wood's ARK Invest chose its SOL validator operations to a Solana infrastructure firm called SOL Strategies. In September, ARK teamed up with the Solana Foundation to launch Solmate, a SOL treasury company.
SOL was trading at $99.11 at press time, down 20% in a week.
Launched in 2023, Hyperliquid is a decentralized crypto trading platform that has gained popularity due to its perpetual futures offerings. The project launched its native token, HYPE, in November 2024. With a market cap of $7.7 billion, it is the 21st largest cryptocurrency.
In September last year, Wood identified Hyperliquid as the "new kid on the block." In fact, she went on to say that the platform "reminds me of Solana in the earlier days."
HYPE was trading at $32.69 at press time, down 18% in a week.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research before making any investment decisions.
Related: Cathie Wood makes her first crypto trade of 2026
This story was originally published by TheStreet on Feb 3, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
