Cathie Wood’s ARK Invest Snaps Up Nearly $32M in Coinbase Shares Amid Price Slump
Cathie Wood’s ARK Invest has doubled down on its bullish stance toward Coinbase (COIN), scooping up 199,401 shares over three consecutive trading sessions as the crypto exchange’s stock faced renewed selling pressure.
The firm purchased 83,157 shares on Friday, followed by 84,514 on Monday and another 31,730 on Tuesday, per ARK’s daily trading reports. At the time of purchase, the combined value of the acquisition stood at approximately $31.5 million, though the stake’s value had declined to around $29.3 million as of Tuesday’s market close.
The move comes as COIN shares tumbled more than 15% over the past week, pressured by a sharp correction in both crypto and equities markets. Bitcoin shed 8% in the same span, while major indices like the S&P 500 and Nasdaq slipped over 10%, rattled by escalating trade tensions and aggressive tariffs announced by President Donald Trump.
ARK Invest, which manages multiple exchange-traded funds (ETFs), is known for capitalizing on volatility to bolster positions in its highest-conviction names. Its risk-managed strategy prevents any single stock from exceeding 10% of a fund’s total weighting, allowing room to accumulate during downturns.
With macro headwinds swirling and risk assets under pressure, ARK’s latest Coinbase purchase signals continued long-term confidence in crypto infrastructure—even amid short-term pain.
