Ark Invest Dials Up Crypto Holdings Amid Bitcoin Plunge: COIN, CRCL, BMNR

[Para 1: The Lead] Ark Invest, under Cathie Wood's leadership, increased its stakes in Coinbase (COIN), Circle (CRCL), and BitMine (BMNR) amid Bitcoin's steep decline, as of February 3, 2026. The firm added over $8.7 million to CRCL and $6 million to BMNR, bolstering its positions significantly. [Para 2-3: Supporting details & Context] Following Bitcoin's weekend slide to its lowest price since 2024, Ark Invest expanded its holdings in Circle and BitMine, now holding nearly $248 million in CRCL and $228 million in BMNR. Coinbase's stock, meanwhile, is down over 20% in the last five trading days, reflecting broader crypto market volatility. Wood's Ark Invest maintains a $425 million position in Coinbase, solidifying its status as the firm's 7th largest holding. These moves align with Wood's optimistic forecast for Bitcoin, predicting prices could reach $1.2 million per coin by 2030, despite recent stablecoin adoption trends.