Cathie Wood’s Crypto Shopping Spree: Panic or Genius?

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In the grand circus of the stock market, where fortunes are made and lost faster than you can say “blockchain”, Cathie Wood of Ark Invest has decided that the best time to buy is when everyone else is screaming and running for the exits. On February 2nd, while crypto stocks were busy playing “how low can we go?”, Wood’s funds scooped up BitMine (BMNR), Circle (CRCL), Bullish (BLSH), and Robinhood (HOOD) like they were half-off at a garage sale.

Ark Invest’s Crypto Buffet: When the Market Serves a Fire Sale

Let’s set the scene: crypto stocks were in full meltdown mode. Circle (CRCL) took a nosedive of 8%, BitMine (BMNR) plummeted 9% (which sounds more dramatic than just “fell”), and Bullish (BLSH) dropped 5%, which is still enough to make a grown trader cry. Meanwhile, Wood’s team at Ark Invest rolled up with a “fill your plate” mentality, thanks to their flagship funds ARKK and ARKF.

According to Ark Daily, the ARKK ETF went on a spending spree, acquiring 235,077 shares of Robinhood (HOOD) worth $21.1 million-roughly the GDP of a small island nation. They also added 274,358 shares of BitMine (BMNR) for $6.2 million, because why not double down on a sinking ship? Meanwhile, ARKF quietly added 6,699 Coinbase shares, probably hoping no one would notice.

ARK’s ETFs have been as popular lately as a screen door on a submarine. Despite the crypto crash of October and the lingering financial apocalypse vibes, Wood’s crew kept buying. It’s either genius or a masterclass in denial. We’ll let history decide.

Wood’s Bold Move: Trading Gold for Bitcoin (And Other Risky Business)

Shifting from micro to macro, Cathie Wood declared that inflation is “taking a break” thanks to #Truflation (a hashtag that makes inflation sound like a summer blockbuster). She claims prices could drop so much they go negative, which would be great for everyone except people who enjoy paying rent.

“As measured by #Truflation, consumer price inflation has dropped to 0.86%-breaking below the 2-3% range. In our view, inflation could turn negative, contrary to BlackRock and PIMCO forecasts.”

– Cathie Wood (@CathieDWood), February 2, 2026

Wood then dropped a bombshell: she thinks gold is about to crash. “The last two times gold rallied, inflation was double digits,” she said, as if that’s a sentence normal people say at dinner parties. Her solution? Swap gold for Bitcoin. Because nothing says “safe bet” like a currency that once lost 70% of its value in a year.

She reiterated her 2030 Bitcoin price target of $1.5 million, which is either visionary or a pyramid scheme in disguise. If BTC hits that, I’ll eat my hat-or perhaps buy a new one with blockchain technology.

BTC
$75 014
24h volatility: 5.0%
Market cap: $1.50 T
Vol. 24h: $56.05 B

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2026-02-03 21:27