Ark Invest increased its positions in several crypto-linked companies on Thursday, purchasing shares of Coinbase, Circle, Bullish, and Robinhood after each stock closed lower. The buying activity was spread across three of Ark’s exchange-traded funds, coinciding with the restoration of block production on the Coinbase-backed Base network following a brief outage.
Ark Invest Adds to Crypto-Linked Holdings
Ark Invest’s latest trading disclosure revealed purchases of 9,014 Coinbase shares through the ARKK, ARKW, and ARKF ETFs, valued at approximately $1.28 million based on Thursday’s closing price. The firm also acquired 9,264 Circle shares worth roughly $637,455, 9,136 Bullish shares valued at about $199,895, and 35,023 Robinhood shares through the ARKK fund, totaling approximately $3.27 million.
All four stocks ended the session lower: Coinbase fell 5% to $142.52, Circle lost 3% to close at $68.81, Robinhood dropped 3.85% to $93.47, and Bullish declined 6.77% to $21.88. Ark actively manages portfolio weightings, ensuring no single holding exceeds 10% of a fund’s assets.
Cathie Wood Points to Slowing Inflation
During a roadshow across Asia and Europe, Ark CEO Cathie Wood noted that many investors remain concerned about inflation. She expressed confidence that inflation could decline further, citing lower oil prices and improved productivity. Wood highlighted that unit labor costs, a key inflation measure, have already slowed to 0.5% year-over-year, attributing this trend to stronger productivity gains.
She also commented on Kevin Warsh, suggesting he understands both the role in lowering inflation and weaknesses in government inflation measurements. Wood added that financial markets could benefit from a master class in monetary policy if Warsh pursues that approach.
Base Network Restores Operations After Outage
Coinbase-backed Base resumed normal operations after a consensus issue halted block production for nearly two hours on Thursday. The Ethereum layer-2 network confirmed that engineers resolved the problem, with blocks returning to normal production. Base first reported unhealthy block production at 4:03 p.m. UTC, later identifying a consensus issue involving an invalid block that entered sequencing, stopping new blocks after block 47,806,542.
Base announced via X that block production had fully resumed, and the team will continue investigating before releasing a complete post-mortem. Base creator Jesse Pollak assured users that funds remained safe throughout the interruption, though he acknowledged that a network halt is unacceptable for a platform designed to support global financial activity. The outage temporarily paused on-chain transactions, and ecosystem node operators were instructed to restart their nodes to restore syncing.
What’s Next?
Ark Invest’s increased holdings in Coinbase, Circle, Bullish, and Robinhood reflect a strategic bet on crypto-related equities amid price declines. Meanwhile, Base’s swift recovery from the outage underscores the resilience of Layer-2 infrastructure. Investors will likely monitor both market movements and network developments closely in the coming days.