Cathie Wood’s ARK Buys Circle Internet, Sells Coinbase Stock

Cathie Wood’s ARK ETFs have reported their daily trades for Thursday, 05 June 2025, with significant activity across a range of technology and internet-focused stocks. Leading the trades was a substantial purchase of Circle Internet Group Inc (NYSE:CRCL) shares and a notable sell-off of Coinbase Global Inc (NASDAQ:COIN) shares, reflecting a reshuffling of the investment firm’s portfolio.

ARK’s most significant move was the acquisition of 4,486,560 shares of Circle Internet Group Inc (NYSE:CRCL), valued at approximately $139 million. The shares were bought through three different ARK funds: ARKK, ARKW, and ARKF, indicating a strong bullish stance on the company. This purchase follows a trend of ARK increasing its position in Circle Internet, suggesting a strategic accumulation of the stock.

In contrast, ARK divested a total of 161,304 shares of Coinbase Global Inc (NASDAQ:COIN), spread across ARKK, ARKW, and ARKF ETFs, with a total dollar value of over $41 million. This sale is part of a continuing pattern of ARK reducing its holdings in the cryptocurrency exchange platform.

Other significant trades included the sale of Robinhood Markets Inc (NASDAQ:HOOD) shares, totaling 255,327 shares for a value of roughly $18 million, and the selling of 273,438 shares of Roblox Corp (NYSE:RBLX), amounting to nearly $25 million. Both actions suggest a possible strategic shift away from these companies.

Additionally, ARK sold shares of AvidXchange Holdings Inc (NASDAQ:AVDX), Meta Platforms Inc (NASDAQ:META), Palantir Technologies Inc (NYSE:NASDAQ:PLTR), and Block Inc (NYSE:XYZ), with the sales ranging from $849,419 to over $10 million in value.

On the buying side, apart from the major investment in Circle Internet, ARK also purchased 38,424 shares of Guardant Health Inc (NASDAQ:GH) for approximately $1.8 million and 115,834 shares of Veracyte Inc (NASDAQ:VCYT) with a total value of $3.1 million. These purchases add to ARK’s existing holdings in the healthcare sector, as seen from previous trading days where ARK also increased its stake in Guardant Health.

The sales and purchases reflect ARK’s dynamic investment strategy, adapting to market changes and company developments. Investors and market observers will be closely monitoring ARK’s trades to gauge the firm’s outlook on the evolving tech and internet landscapes.

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