Cathie Wood doubles down on Coinbase, Circle and Google

Group 1: Investment Activities - Ark Invest has aggressively increased its positions in major technology and crypto-related equities, purchasing over 174,000 shares of Alphabet Inc. valued at more than $56 million following the launch of its AI model, Gemini 3 [1] - The firm invested approximately $3.75 million in Coinbase, $7 million in Circle, and nearly $2 million in its Bitcoin product, the ARK 21Shares Bitcoin ETF [2] - Ark has been steadily increasing its exposure to AI, crypto, and blockchain-related companies throughout November, including new positions in Coinbase and BitMine Immersion Technologies [3] Group 2: Market Outlook and Predictions - Cathie Wood revised the 2030 Bitcoin outlook from $1.5 million to $1.2 million, attributing the change to the rapid expansion of stablecoins and shifting liquidity conditions [5] - During a recent webinar, Wood dismissed concerns about an "AI bubble," asserting that the AI-driven market is in the early stages of a long-term technological revolution [6] - Citing a recent MIT study, Wood indicated that the lag in productivity improvements is typical of early corporate adoption cycles, suggesting that markets may underestimate the scale of transformation [7] Group 3: Company Strategy - Ark Invest has been accumulating Circle stock as it trades near post-IPO lows, with significant purchases made earlier in November [4] - The firm views its investment in BitMine Immersion Technologies as a "vote of confidence" in Ethereum, having first acquired shares in July [3]