ARK Invest, the investment firm led by well-known tech investor Cathie Wood, has made a notable portfolio move after a sharp fall in crypto-linked stocks. The firm sold about $17 million worth of Coinbase shares and used nearly the same amount to buy stock in digital asset platform Bullish, signaling a strategy change during market weakness.
Coinbase (COIN) shares have fallen heavily in recent weeks, dropping more than 40% over the past month and hitting multi-month lows. As prices continued to weaken, ARK Invest sold 119,236 shares of Coinbase, worth around $17.4 million in a single trade session.
ARK had mostly been buying Coinbase on dips and had not sold shares for many months. In fact, just days before this sale, the firm had added a small number of Coinbase shares, continuing its earlier buy-the-dip pattern.
The quick switch from buyer to seller suggests a short-term defensive move rather than a full exit.
Instead of holding cash, ARK quickly moved the money into another crypto company. The firm bought about $17.8 million worth of shares in Bullish, an institutional-focused crypto trading platform listed on the NYSE in 2025.
Since its listing, Bullish stock has struggled and is down more than 60%, while the company reported a Q4 net loss of $563.6 million on a GAAP basis. ARK appears to see value at these lower prices and is increasing its exposure.
This shift shows that ARK is not leaving crypto, but rotating investments toward firms it believes have better growth potential.
Even after this sale, ARK remains one of the major investors in Coinbase. Across its main ETFs, the firm still owns about $312 million worth of COIN shares.
The shift comes during a difficult time for crypto markets. Bitcoin recently dropped near $60,000, and trading volumes on exchanges have slowed.
As a result, Coinbase stock has faced strong selling pressure, currently trading around $146.
ARK sold Coinbase after a sharp price drop, likely as a defensive move to manage short-term risk rather than a loss of long-term conviction.
ARK sold about 119,236 Coinbase shares worth roughly $17.4 million during a single trading session as the stock hit multi-month lows.
Yes. Even after the sale, ARK still holds around $312 million in Coinbase shares, showing continued long-term confidence.
Bitcoin’s drop near $60,000 and slowing trading volumes pressured crypto stocks, prompting ARK to rebalance during market weakness.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The Iran war pushed oil to $115, forcing markets to cut expectations from four Fed…
Bitcoin surged above $72,500 within minutes of the ceasefire announcement on Tuesday. Wallets tied to…
The Ethereum Foundation has sold 3,750 ETH for stablecoins to fund its development work. To…
Ethereum has decisively reclaimed the $2,200 level, marking a clear shift in structure, and that’s…
Crypto exchange Binance has officially announced the delisting of six tokens, Beefy.Finance (BIFI), FIO Protocol…
U.S. Treasury Secretary Scott Bessent is urging Congress to pass legislation on the structure of…
