- Ark Invest bought 84,514 COIN shares worth $13.3M after the price dipped below $150.
- COIN now ranks 4th in ARKW, 2nd in ARKF by portfolio weight.
- Coinbase stock is down 38.8% in 2025 amid market and regulatory pressures.
Ark Invest strategically acquired $13.3 million worth of Coinbase shares during a notable stock price drop. The recent purchase happened amid a Wall Street sell-off that pushed Coinbase (COIN) shares under $150. Through two of its exchange-traded funds, Ark Invest purchased a combined 84,514 shares on Monday, further strengthening its position in the digital asset exchange.
ARK Invest Expands COIN Exposure Across Two Funds
The ARK Next Generation Internet ETF (ARKW) acquired 64,806 shares of Coinbase through its latest trade disclosure from Ark Invest worth approximately $10.2 million. The ARK Fintech Innovation ETF (ARKF) expanded its holdings by purchasing 19,708 shares which totaled roughly $3.1 million.
After acquiring Coinbase shares, ARKW now lists Coinbase as its fourth-largest asset with a portfolio share worth 5.92 percent. In ARKF, it has grown to the second-largest position, with a 7.65 percent portfolio weight.
The COIN stock had fallen 10 percent over the previous week, affected by broad market correction pressures. Despite this, the stock rebounded slightly after the Ark Invest purchases, closing at $159.40. The purchases marked another example of Ark Invest’s continued interest in disruptive technology firms despite recent volatility in the equity markets.
Coinbase Stock Down Nearly 39% in 2025
Coinbase has faced considerable selling pressure since the start of the year. In 2025 the stock price fell 38.8 percent from $250 to a value under $160. Multiple macroeconomic uncertainties combined with intensified regulatory oversight contributed to the decline in the digital asset sector.
Coinbase CEO Brian Armstrong also made headlines recently after selling 14,000 shares of Class A Common Stock for approximately $2.5 million. The transaction was executed on April 3 through a pre-established trading plan and carried out at prices between $168.22 and $169.65, executed through the Brian Armstrong Living Trust. These transactions were part of a Rule 10b5-1 trading plan that Armstrong adopted in August 2024.
Analyst Sentiment Remains Divided Over COIN Outlook
Market analysts remain split on the near-term trajectory for COIN stock. Some technical indicators point to further downside, Popular crypto analyst, Ali Martinez, noted that COIN price has broken down out of the channel pattern, which opens the gates for a further drop to $100.
These concerns are based on recent pattern breakdowns and a weak broader tech sector performance. However, other analysts argue that if COIN maintains its support at $145, further upside could be expected. They believe institutional buying activity may help reverse the trend if key levels hold.
While the broader technology sector continues to reel under pressure, Ark Invest’s ongoing accumulation suggests it sees long-term value in Coinbase. The move aligns with its historical pattern of buying into weakness across high-conviction assets.
Cathie Wood resumed COIN stock purchases last month after heavy correction since the beginning of the year. Her firm Ark Invest has periodically dabbled into new-age companies like Coinbase, Robinhood, Tesla, and others, which has now become popular as Wood’s style of investing. Her bets into volatile stocks and future-driven companies have generated strong returns for Ark Invests’ customers.
