Over the years, Cathie Wood has made one thing clear. She likes crypto-linked stocks. And when markets get shaky, she tends to buy the dip.
This week was no different.
With geopolitical tensions rising and volatility rattling Wall Street, the ARK Invest CEO went shopping.
Related: Cathie Wood predicts 2026 revised outlook
The ongoing U.S.-Israel-Iran war is weighing heavily on markets.
On Mar. 4, the sixth day of the conflict, major U.S. indexes closed lower. The Nasdaq Composite fell 1.02%, the S&P 500 slipped 0.94%, the NYSE Composite dropped 1.77%, and the Dow Jones Industrial Average declined 0.83%.
Investors are clearly nervous.
Crypto saw a similar pattern. At the start of the war, both coins and crypto-linked stocks dipped sharply before stabilizing. By the fourth day of the conflict, Bitcoin (BTC) had climbed close to $69,482.
At press time, it was trading near $68,462, holding relatively steady despite the headlines.
The takeaway? Volatility is back, but panic has cooled, at least for now.
While others hesitated, Wood stepped in.
On Mar. 3, ARK Invest purchased 22,452 shares of Coinbase (NASDAQ: COIN) across its ARKK, ARKW, and ARKF ETFs. Based on the day’s closing price of $182.36, that adds up to roughly $4.09 million.
Coinbase is the largest cryptocurrency exchange in the United States, co-founded by Brian Armstrong and Fred Ehrsam in 2012.
The same day, the firm also scooped up 158,587 shares of Robinhood (NASDAQ: HOOD), worth about $12.06 million at its closing price of $76.07.
Robinhood is another U.S.-based trading platform offering stocks, options, and cryptocurrencies.
The timing is notable. Coinbase closed down 1.55%, while Robinhood slid 3.44%. Wood appears to be leaning into weakness rather than running from it.
The firm caps individual holdings at roughly 10% of a fund’s portfolio, which forces regular rebalancing as markets move.
As of Mar. 3, Coinbase is the sixth-largest holding in ARKK, with a 4.21% weighting valued at about $281.2 million. It is also the third-largest holding in ARKF with a weight of 5.92% at about $48 million. As for ARKW, it is the eighth-largest with 3.93% weightage and worth $63 million.
Meanwhile, Robinhood ranks seventh in both ARKK and ARKF, weighing 4.43% and 4.07% of the respective funds with valuations of about $36 million and $271 million. In ARKW, Robinhood is the fifth-largest with a weightage of 4.72% valued at about $76 million.