SpaceX, Coinbase, Circle Stocks Surge As Cathie Wood Buys Another $45M Stake
Cathie Wood’s investment company has recently increased its investments in SpaceX, Coinbase and Circle. The three stock additions accounted for roughly $45.4 million, as of the latest prices available.
Cathie Wood’s ARK Buys More SpaceX, Coinbase, Circle Shares
After Cathie Wood’s ARK made the purchases, the crypto and AI stocks gained massively with SpaceX stock surging over 15%. Coinbase Global Inc. (NASDAQ: COIN) was trading at $153.60, up 5.63%. Circle Internet Group Inc. (NYSE: CRCL) climbed 5.36% to $66.67. Space Exploration Technologies Corp. (NASDAQ: SPCX) gained 15.83% to $133.11.
The most recent transactions in the portfolio reveal 114,815 shares of SpaceX stock were bought in. The total acquisition was worth $15.28 million at the closing price, per ARK Invest disclosure.
A reason for the recent surge in SpaceX stock price was its reported Q2 earnings that exceeded Wall Street estimates. It reported a revenue of $7.81 billion, which was higher than the $6.9 billion Wall Street had forecast.
SpaceX’s revenue of $7.81 billion was also a 92% increase from the $4.1 billion in revenue posted in Q2 2025.
As CoinGape reported earlier, this revenue and positive Q2 2026 earnings led to Argus upgrading the SpaceX stock from “Hold” to “Buy” and gave it a $160 target. Morgan Stanley also restated a $300 guidance.
In addition, the investment firm bought 59,668 shares of Coinbase. The stake is worth about $9.17 million, at $153.60 per share.
The largest of the three purchases was made in the Circle stock. The portfolio acquired 313,764 shares in the stablecoin company. Those shares are valued around $20.92 million, at the closing value of $66.67.
Combined, these three positions cost approximately $45.37 million based on the current market prices.
Other Portfolio Changes
Cathie Wood’s portfolio activity was also complemented by the acquisition of a few other companies. The transactions revealed include 114,134 shares of Cloudflare, 114,815 shares of Space Exploration Technologies, 16,340 shares of Cerebras Systems and 70,171 shares of Intellia Therapeutics.
The same portfolio report showed sales of other holdings. These consisted of 101,539 shares of Snowflake and 1.59 million shares of Roblox and a smaller stake in Brera Holdings was also cut.
For prediction market updates, check out our page on Prediction Market Odds.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Clarity Act (H.R.3633) signed into law in 2026?
