Ark Invest Purchases $13.4 Million in Coinbase Shares Amid Market Dip

• Ark Invest adds $13.4 million in Coinbase shares during market decline.
• ARKK, ARKW, and ARKF ETFs increase Coinbase holdings amid volatility.
• Cathie Wood’s strategy reflects confidence in long-term crypto growth.

On Friday Cathie Wood’s Ark Invest purchased an additional $13.4 million in Coinbase (COIN) shares. The stock price for Coinbase dipped by 5% during the acquisition period due to broader market conditions. Ark Invest purchased 83,157 COIN shares across three of its exchange-traded funds (ETFs) amid the market crash.

ARK Innovation ETF (ARKK) purchased 54,988 shares worth $8.8 million. The ARK Next Generation Internet ETF (ARKW) acquired 15,982 shares for $2.5 million while the Ark Fintech Innovation ETF (ARKF) bought 12,187 shares for $2 million. These purchases shows Ark Invest’s confidence in the long-term potential of Coinbase amid the recent market turbulence.

The transaction positioned Coinbase as the second-largest asset under Ark Invest which represents 9.4% of its total value. This positions the crypto exchange as the fund’s second-largest investment after Shopify at 13%. Ark Invest aims to distribute investments over a diverse portfolio and avoids holding more than 10% of its total assets in a single investment.

Cathie Wood ‘Buy Dips’ Investment Approach

In March 2025, Ark Invest purchased additional Coinbase shares which deepened its position in the cryptocurrency exchange. This mirrors an acquisition strategy used by ARK Invest in recent months, where it purchases shares when market price dips. Coinbase stock experienced a 5% decline in the last six months which represents a major drop from its all time high value of $343 per share in December.

Cathie Wood consistently stresses the importance of investing in innovative companies in bearish market conditions. ARK Invest continues to capitalize on undervalued assets in high-potential growth industries as its core investment method.

Crypto Market Crash

The cryptocurrency market as well as crypto companies such as Block Inc. and Galaxy Digital have faced major price drops. The market continues to experience volatility although some companies such as Strategy have demonstrated more stable performance.

The current Coinbase’s market capitalization has dipped below $30 billion for the first time since September 2024. The company’s performance reflects the difficulties in the entire crypto industry because of regulatory uncertainties.

Bitcoin has also witnessed major price fluctuations and its current price stands at $82,683.10. BTC has seen a sharp 15.76% drop in the past 90 days which matches the volatility across the crypto market.