Cathie Wood's Ark Invest fills Coinbase bag amid fear-driven price collapse

Quick Take

  • Ark Invest added 162,325 Coinbase shares and 263,504 Robinhood shares to its portfolio Friday.

Ark Invest added a massive 162,325 Coinbase shares (worth $9,267,134.25) to its portfolio on Friday, alongside a substantial purchase of 263,504 Robinhood shares (worth $2,629,769.92).

News of the purchases comes by way of a trade notification email.

A well-documented buyer (and sometimes seller) of Coinbase stock, Cathie Wood-led Ark Invest has been relatively quiet in recent weeks. Still, it would seem that Friday's collapse in the crypto exchange's stock price — driven by worries that U.S. regulators will restrict crypto staking — proved too attractive to pass up.


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A darling of the pandemic-era investment surge, Ark Invest has struggled in post-Covid times. Many of the stocks it owns have hit lows in recent months, as investments in both Coinbase and the embattled Grayscale Bitcoin Trust have weighed heavy on its portfolio.

Updated to clarify investment figures.

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About Author

Adam is the managing editor for Europe, the Middle East and Africa. He is based in central Europe and was a managing editor and podcast host at the crypto exchange OKX's former research arm, OKX Insights. Before that, he co-founded, which he elevated into one of the leading crypto media brands at its peak as the editor-in-chief. Earlier, he served as the editor-in-chief at Before joining the blockchain and crypto industry, he worked for, and He tweets via @XBT002 and can be emailed at [email protected].


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