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Cathie Wood buys $31M of favorite crypto stocks amid tech slide
Yahoo Financeยท2025-11-14 17:03

Group 1 - Cathie Wood has made significant investments in three leading crypto stocks during a market downturn, indicating her strategic approach to adapting to changing market conditions [1][2] - ARK Invest, Wood's tech-focused investment fund, purchased over $30 million worth of Circle Internet Group shares, which is known for its USDC stablecoin, and also acquired shares from Bitmine Immersion and Bullish [4][6] - Circle reported strong earnings for Q3, despite its stock falling 4.59% to close at $82.34, while Bitmine Immersion and Bullish saw declines of 9.86% and 9.85% respectively [4][5] Group 2 - Wood has revised her Bitcoin price prediction from $1.5 million to $1.2 million, reflecting a cautious stance amid the current market conditions [2] - The recent purchases by ARK Invest demonstrate Wood's ability to identify potential opportunities even as the broader tech market experiences sell-offs [1][2]