ARK Invest Buys $7.4M Coinbase Shares This Week as COIN Surges 41%
Cathie Wood's ARK Invest is betting big on Coinbase! This week, ARK has purchased approximately $7.4 million worth of Coinbase (COIN) shares, contributing to the stock's impressive 41% rise. Ark Invest's Coinbase shares purchase spree has been going on in full swing.
ARK's Coinbase Buying Spree: A Closer Look
Despite some earlier selling, ARK Invest demonstrates renewed confidence in the leading cryptocurrency exchange. Investor confidence received a modest boost on Friday when Ark Invest purchased 83,157 shares of Coinbase across three ETFs, totaling approximately $13.4 million.
On Tuesday, Ark Invest bought 41,032 Coinbase shares, worth $8.7 million, for its Next Generation Internet exchange-traded fund (ARKW) and offloaded $8.6 million.
ARK Invest's Previous COIN Activity
It's important to note that ARK Invest has also engaged in selling activity. Of the nearly $50 million worth of COIN sold, Ark Invest offloaded the most from its Innovation ETF—some 174,326 shares worth $41.6 million at current prices. Ark also Ark Invest sold nearly half a million shares of Coinbase Global (COIN), worth around $90 million, on Friday as the Nasdaq-listing cryptocurrency exchange witnessed 12 de sept. de 2025.
More recently, Cathie Wood’s Ark Invest sold another $4.94 million worth of Coinbase shares on Wednesday, offloading 38,668 COIN following the $5.3 million in Coinbase stock it sold on Monday.
Why is ARK Investing in Coinbase?
Cathie Wood’s ARK Invest has added more Coinbase Global Inc (NASDAQ: COIN) shares to its investment portfolio. The top asset management firm purchased 53,708. The recent buys signal a potentially bullish outlook on Coinbase's long-term prospects within the evolving cryptocurrency landscape. This renewed investment highlights ARK's belief in innovation and disruptive technologies, core tenets of their investment strategy.