Yahoo Finance·2026-02-03 18:19Core Insights - Ark Invest has increased its investments in crypto-related companies, including Coinbase, Circle, and BitMine Immersion Technologies, following a significant drop in Bitcoin prices [1][2] Investment Activities - The firm acquired over $8.7 million in Circle (CRCL) shares and more than $6 million in BitMine (BMNR) shares on Monday, alongside additional investments in Coinbase (COIN) and other crypto firms [2] - Ark Invest now holds nearly $248 million in Circle and $228 million in BitMine, ranking them as the 15th and 16th largest positions in Ark's portfolio, respectively [3] - The firm also maintains $425 million in Coinbase shares, making it the 7th largest position in its holdings [3] Market Performance - Shares of Circle and BitMine have both declined over 20% in the last five trading days, reflecting a broader downturn in crypto-related equities, including Coinbase and Bullish, which have dropped 15.74% and 23% respectively [4] - Despite the falling prices, Ark Invest has continued to purchase crypto-related equities, indicating a long-term bullish outlook [5] Price Predictions - Cathie Wood has expressed a bullish stance on Bitcoin, predicting prices could reach $1.2 million per coin by 2030, although this is a reduction from a previous estimate of $1.5 million due to the rise of stablecoin adoption [6][7] - Bitcoin recently fell to a 15-month low of $75,442 before recovering to nearly $79,000, but has since dropped again to around $74,618 [7]