Cathie Wood’s Ark Invest increased its holdings in crypto-related stocks, buying shares of Coinbase and Robinhood Markets across several ETFs as broader markets retreated.
The firm purchased a total of 22,452 Coinbase shares through the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF). Using Coinbase’s closing price of $182.36 that day, the stake was worth roughly $4.1 million.
Ark also added 158,587 shares of Robinhood via the same ETFs. With Robinhood closing at $76.07, that accumulation was valued at about $12 million.
The moves came amid heightened market pressure tied to the escalating conflict involving the United States, Israel and Iran, which pushed major indexes lower. On the session cited, Coinbase fell 1.55% and Robinhood declined 3.44%, per Yahoo Finance data.
Ark’s regulatory filings show these trades were part of broader portfolio rebalancing. The firm added positions in Roblox, Shopify, Amazon, DraftKings, CoreWeave, Genius Sports, BioNTech and Eli Lilly, while reducing stakes in Roku, Baidu, Taiwan Semiconductor Manufacturing, Nextdoor, PagerDuty and several healthcare names. ETF analyst James Seyffart noted on X that ARK executed a heavier-than-usual volume of trades that day.
This is not Ark’s first recent activity in Coinbase. Last month the firm resumed buying Coinbase shares after trimming its exposure, acquiring about $15.2 million of stock. That followed earlier sell-offs, including roughly $17.4 million on Feb. 5 and about $22 million on Feb. 6.
Coinbase has experienced recent volatility after reporting a $667 million net loss for the fourth quarter of 2025, ending a streak of eight profitable quarters. The quarterly results missed analyst expectations, with net revenue down 21.5% year‑over‑year to $1.78 billion amid a sharp decline in transaction revenue; subscription and services revenue rose modestly.
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