Cathie Wood sells Bitcoin, buys $5.2 million of sinking stock

Bitcoin slipped below $80,000 on Oct. 27 as traders reduced risk ahead of the Federal Reserve’s interest rate call tomorrow.

While the leading cryptocurrency fell to around $79,800 at press time, Cathie Wood’s ARK Invest yesterday trimmed exposure to its Bitcoin ETF while buying more shares of the stablecoin giant Circle Internet Group (NYSE: CRCL).

ARK has not said Bitcoin’s recent decline motivated the trades, and the transactions do not indicate a reversal of Wood’s long-standing bullish Bitcoin view.

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Cathie Wood’s Ark trims Bitcoin ETF stake and adds Circle

Ark bought 65,615 Circle shares on Monday through its ARK Next Generation Internet ETF, or ARKW. At Circle’s $79.84 closing price, the purchase was worth roughly $5.2 million.

At the same time, ARKW and the ARK Blockchain & Fintech Innovation ETF sold a combined 601,028 shares of the ARK 21Shares Bitcoin ETF, worth about $15.9 million at Monday’s close.

The sale was a trim rather than an exit. ARKB remained among the top 10 holdings of both funds following the trades.

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The purchase came as Wall Street remained divided on the stock.

Circle, the issuer of the USDC stablecoin, closed Monday down 7.07% at $79.84, after ending Friday at $85.91.

Mizuho maintained an Underperform rating on the stock with a price target cut from $45 to $43. The firm warned that AI assistants could steer users toward higher-yielding alternatives and modelled a potential 10% to 20% medium-term hit to Circle’s reserve revenue.

Those figures are merely forecasts for Circle, not concrete losses.

Baird took a different view on Oct. 13, maintaining an Outperform rating and $100 target. It expects third-quarter revenue slightly below consensus but remains positive on Circle’s infrastructure, product roadmap and regulatory position.

Circle will report Q3 results on Nov. 4, with its earnings webcast scheduled for 8 a.m. ET.

At the time of writing, Circle shares were trading at $79.17, down about 0.8% on the day.

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This story was originally published by TheStreet on Oct 27, 2026, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.