Ark Invest Buys the Dip: $13.3M in Coinbase Stock Scooped Up

Despite a broader market downturn and ongoing volatility in the crypto space, Ark Invest continues to show confidence in Coinbase, scooping up $13.3 million worth of the exchange’s shares.

The aggressive move came as Coinbase (COIN) stock saw a dip, triggered by a wider slump across both traditional and crypto markets. Cathie Wood’s Ark Invest, known for its bold bets on innovation and disruptive tech, added the shares to multiple ETFs, including the flagship ARK Innovation ETF (ARKK).

According to the firm’s daily trading report, Ark bought approximately 133,000 shares of Coinbase across its various funds. This isn’t the first time Ark has doubled down on Coinbase — it has consistently added to its position since the stock’s debut, and even during regulatory headwinds and bearish sentiment.

Coinbase has faced pressure in recent months due to market uncertainty, regulatory scrutiny in the U.S., and fluctuating crypto volumes. However, Ark’s buy-the-dip strategy signals its continued long-term belief in the crypto exchange as a key player in the future of digital finance.

Cathie Wood has remained vocal in her belief that digital assets and blockchain infrastructure will reshape the financial system, and Coinbase remains central to that thesis.

Whether Ark’s latest Coinbase shopping spree will pay off remains to be seen, but it clearly illustrates the firm’s signature high-conviction approach — even when markets are shaky.