Cathie Wood’s ARK Invest Adds $30M Worth of Coinbase Shares Amid Price Slump

Cathie Wood’s ARK Invest Scoops Up Nearly 200K Coinbase Shares Amid Market Rout

ARK Invest has once again leaned into its trademark dip-buying strategy, acquiring 199,401 shares of Coinbase (COIN) over the past three trading days as the stock faced sharp declines.

The purchases, revealed in ARK’s daily trade filings, occurred in staggered buys: 83,157 shares on Friday, 84,514 on Monday, and 31,730 on Tuesday. At the time of purchase, the total value of the acquisition was roughly $31.51 million, though that position has since dipped to around $29.3 million, based on Tuesday’s closing price.

Led by Cathie Wood, ARK maintains a strict policy of managing exposure, keeping individual holdings below 10% of any ETF’s net asset value. That rule often triggers opportunistic buying when high-conviction stocks experience pullbacks.

Coinbase shares have dropped more than 15% over the past week, pressured by a broader sell-off in equities and cryptocurrencies following the latest round of aggressive import tariffs imposed by President Donald Trump.

Bitcoin (BTC) has declined 8% in the same timeframe, while the S&P 500 and Nasdaq have fallen over 10%, as traders reprice risk amid rising geopolitical and economic uncertainty.