Tag:

Cathie

Cathie Wood Says She Prefers Bitcoin Over Ethereum
GameFi Guides

Cathie Wood Says She Prefers Bitcoin Over Ethereum

by admin


  • Warming up to ETH
  • Bullish price prediction

During a recent appearance on “The Master Investor Podcast” with veteran business reporter Wilfred Frost, Ark Invest’s Cathie Wood stated that she favors Bitcoin over Ethereum.

According to Wood, Bitcoin is “the global monetary system,” which is alone “a very big idea.”

The famed stock picker is also bullish on Bitcoin because of its superior technology, noting that the Layer-1 blockchain has never been hacked. “The other blockchains cannot say that,” she added.

You Might Also Like

Lastly, Bitcoin is also viewed as a new asset class. The largest cryptocurrency is currently the ninth biggest asset with a market cap of roughly $2.2 trillion.

Warming up to ETH

With that being said, Wood has also noted that Ethereum (ETH) plays “a very important role” within the decentralized finance (DeFi) ecosystem.

She has added that a lot of the fees are going to Layer 2s of the likes of Coinbase’s Base. They, according to Wood, are getting a “disproportionate” amount of fees, and the question is whether or not competing Layer 2s will confer more importance to the Layer 1. Ark Invest thinks that this could be possible, which is why the Florida-based investment firm is betting on ETH.

Bullish price prediction

Ark Invest, which made its first publicly disclosed Bitcoin bet back in 2017, has been bullish on Bitcoin for years. It has both direct and indirect exposure to the leading cryptocurrency by holding the shares of such companies as Strategy (MSTR).

The investment firm has predicted that the price of the leading cryptocurrency could surge to as high as $2.4 million by the end of the decade.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
NFT Gaming

Cathie Wood’s Ark Invest Buys Figma Stock Amid 20% Post-Earnings Drop

by admin



In brief

  • Figma stock dropped nearly 20% to $54.56 on Thursday after its first quarterly earnings since going public.
  • Ark Invest Tracker data showed more than 100,000 shares added to ARKW, though the disclosure has not yet been confirmed in ARK’s public filings
  • ARK’s purchase is a “textbook” Cathie Wood move, Decrypt was told.

Ark Invest, the New York-based investment firm led by Cathie Wood, has added more than 100,000 shares of Figma to its ARKW ETF, following a nearly 20% drop in the stock after the company’s first earnings report since going public.

The disclosure came via the popular Ark Invest Tracker X account but has not yet been independently confirmed by ARK’s public filings. Decrypt reached out to Ark Invest for comment, but did not immediately receive a response.

The stock purchase is consistent with Ark’s past strategy of adding to high-growth names during periods of weakness, according to Dan Dadybayo, research and strategy lead at Unstoppable Wallet, a non-custodial, open-source crypto wallet.



The purchase is “a textbook Cathie Wood move: leaning into volatility and backing companies she sees as long-term disruptors,” Dadybayo told Decrypt.

In July 2025, the firm bought about 143,000 Tesla shares after an earnings selloff, while trimming roughly 34,000 Coinbase and 68,000 Roku shares as sentiment shifted, according to a report from financial analytics firm Barchart.

Despite the slide in shares and selloff, ARK appears to be “signaling conviction that Figma’s collaborative design moat, product momentum, and high margins outweigh short-term execution risks,” he added.

Such a stance could “reframe the drawdown as an overreaction” and “attract other growth-focused investors who share a long-term horizon,” Dadybayo said.

Figma, which went public in July, reported revenue of $249.6 million for the quarter, up 41% from a year earlier. Rising expenses and thinner margins fueled doubts about its ability to sustain early momentum, sending shares down nearly 20% to $54.56. 

The company forecast adjusted operating income of $90–100 million, guidance that erased much of the stock’s post-IPO premium.

The company also disclosed around $90 million in Bitcoin held through an ETF. CEO Dylan Field, however, maintained that Figma is not a “Bitcoin holding company,” and is instead focused on design.

While Figma’s Bitcoin stash represents roughly 6% of its treasury, the hold does not “fundamentally change its risk profile,” Dadybayo said.

Instead, positioning with Bitcoin suggests that companies putting the digital asset on their balance sheets are “recognizing macro trends,” he explained.

“It’s sentiment-driven: when the founder of a major design company holds Bitcoin, it suggests he’s positioning in the right direction without turning Figma into a crypto play.”

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

0 comments
0 FacebookTwitterPinterestEmail
crypto cathie wood btc btcusd eth ethusd (1)
NFT Gaming

Cathie Wood’s Ark Invest Scoops Up $37M in Bullish and Robinhood: A Bold Bet on Crypto’s Future?

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Cathie Wood’s Ark Invest has continued its aggressive push into crypto-related equities, scooping up $21.2 million in Bullish shares and $16.2 million in Robinhood stock on August 19, 2025.

The purchases, made through the firm’s flagship ARK Innovation ETF (ARKK), highlight Ark’s conviction in digital asset infrastructure even as broader crypto stocks tumbled.

According to Ark’s latest filing, the fund acquired 356,346 shares of Bullish and 150,908 shares of Robinhood.

This marks the third consecutive trading day Ark boosted its Robinhood position, following earlier buys of $14 million on Monday and $9 million last Friday. The moves expand Ark’s exposure to platforms shaping the future of trading and digital finance.

TOTAL saw significant losses on the daily chart. Source: TOTAL on Tradingview

Bullish and Robinhood Slide Amid Market Sell-Off

Despite Ark’s heavy buying, both stocks ended sharply lower on the day. Bullish dropped 6.09% to $59.51, slipping an additional 3.24% in after-hours trading, while Robinhood fell 6.54% to $107.50 and lost another 1.23% post-market.

The sell-off wasn’t isolated. Other crypto-linked equities also suffered, with Coinbase down 5.82%, Galaxy Digital plunging 10.06%, Strategy sliding 7.43%, and Circle off 4.49%.

The Nasdaq Composite fell 1.46% as investors pulled back ahead of the U.S. Federal Reserve’s Jackson Hole symposium, where policy signals are expected to shape market sentiment.

A Strategic Bet on Crypto’s Long-Term Growth

Ark’s latest move builds on a $172 million allocation to Bullish last week, when the Cayman Islands-based exchange made its highly anticipated debut on the New York Stock Exchange.

With Ark now holding more than 1.1 million Bullish shares valued at roughly $73.85 million, the firm is betting big on the platform’s role in the evolution of crypto markets.

Similarly, Robinhood has become one of Ark’s most consistent crypto-adjacent holdings. The recent spree increases its share of ARKK’s portfolio to over 4%, highlighting Ark’s belief in the platform’s long-term potential despite short-term volatility.

Wood’s investment strategy mirrors confidence in crypto’s ongoing institutional adoption, as firms like Gemini, OKX, and Kraken explore IPOs. Ark also maintains significant positions in Circle and Coinbase, further engraving its role as one of Wall Street’s most vocal champions of digital assets.

As volatility shakes out weaker hands, Ark’s contrarian bets may position it to capitalize if crypto markets rebound, raising the question: is this a bold gamble, or a long game in the market?

Cover image from ChatGPT, TotalCrypto chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
High-resolution image of numerous shiny gold bitcoin tokens stacked together. (Kanchanara/Unplash)
Crypto Trends

Cathie Wood’s Ark Invest Buys $21.2M of Bullish Shares and $16.2M Robinhood Shares

by admin



Cathie Wood’s Ark Invest has increased its exposure to crypto exchange operator Bullish (BLSH), with the ARK Innovation ETF (ARKK) now holding 1,165,397 shares valued at roughly $73.85 million, according to the firm’s latest holdings disclosure.

The update comes after Ark added 356,346 Bullish shares to ARKK on Aug. 19, a purchase worth about $21.2 million at the close of trading in New York, when the stock settled at $59.51 at close. The buy builds on Ark’s earlier allocation of more than 2.5 million shares spread across three ETFs on the day of Bullish’s debut.

Bullish is the owner of CoinDesk.

Ark also extended its buying spree in Robinhood (HOOD), purchasing 150,908 shares worth about $16.2 million at Tuesday’s close of $107.50.

Robinhood has become one of Ark’s most consistent crypto-adjacent holdings, with Tuesday’s purchase marking the third straight trading day the firm added to its position, following $14 million in buys on Monday and $9 million on Friday.

Read more: Bullish’s $1.15B in IPO Proceeds Was Entirely in Stablecoins—A First for Public Market



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close