Cathie Wood’s Ark Invest doubled down on two high-profile tech bets this week, boosting positions in SpaceX and Circle as part of a broader push into crypto, AI and fintech. According to Ark Innovation ETF (ARKK) filings published Thursday, SpaceX is now ARKK’s fifth-largest holding — roughly $282 million in market value, or about 4.73% of the portfolio — while Circle ranks eighth at roughly $233 million, or 3.90% of the fund. They sit alongside other top Ark names such as Tesla, Coinbase, Robinhood, OpenAI, Bitmine and Palantir, underscoring Ark’s continued focus on disruptive tech themes. The disclosure shows Ark added to both stakes after the companies reported second-quarter results. The firm bought 181,830 SpaceX shares across four ETFs, including ARKK, and 273,343 Circle shares across ARKK and two other Ark funds. Based on the companies’ closing prices, those buys were worth about $20 million for SpaceX and $17.3 million for Circle. Circle’s Q2 results showed steady growth: combined revenue and reserve income of $701 million (up 7% year-over-year) and adjusted EBITDA of $143 million (up 8%). Key crypto metrics also strengthened — USDC circulation reached $73.3 billion, up 19%, while on-chain transaction volume surged 151% to $14.8 trillion. Circle’s stock was largely unchanged on the news. SpaceX, by contrast, reported a dramatic revenue jump — quarterly revenue rose 92% to $7.8 billion — but its shares fell about 13.6% as investors reacted to $18.4 billion in planned capital expenditures. Executives said much of that spending is aimed at expanding the company’s AI capabilities, a major strategic pivot that has big near-term cost implications. The latest activity follows a late-July rebalancing by Ark: the firm pared positions in Bitmine, Robinhood, Block and Bullish while buying roughly $43.5 million of Coinbase and Circle stock and about $14.5 million of SpaceX shares. Taken together, Ark’s recent trades signal sustained conviction in crypto infrastructure (Circle, Coinbase, Bitmine) and AI-driven technology plays (SpaceX, OpenAI), even as it adjusts exposure across its funds.
Ark Invest Boosts Holdings in SpaceX and Circle Amid Crypto and AI Focus
ChainGPTShare
Summary
Ark Invest has boosted holdings in SpaceX and Circle, aligning with its focus on the crypto market and AI. According to ARKK filings, SpaceX is now the fifth-largest holding at $282 million, while Circle ranks eighth with $233 million. The firm added 181,830 SpaceX shares and 273,343 Circle shares across multiple ETFs. The move followed a late-July rebalancing, which cut positions in Bitmine, Robinhood, Block, and Bullish, while raising exposure to Coinbase and SpaceX. The crypto market remains volatile, with the fear and greed index fluctuating amid shifting investor sentiment.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.