🚨ARK INVEST BUYS COINBASE DIP: $13.4M SCOOP-UP

Cathie Wood’s Ark Invest bought 83,157 Coinbase (COIN) shares across 3 ETFs, worth $13.4M.

🔹The purchases followed a 5% drop in COIN stock amid broader market turbulence.

🔹ARKK ETF: Bought 54,988 shares (~$8.8M) – COIN now 7.5% of the fund.

🔹ARKW & ARKF ETFs also added shares (~$4.5M combined).

🔹COIN now 2nd-largest holding in ARKF (9.4%) behind Shopify (13%).

🔹Ark also bought $7.8M in Amazon shares and sold some of its UiPath stake.

🔹COIN’s market cap has dropped below $30B, first time since Sept 2024.

🔹Despite December highs near $343, the stock is down 5% over 6 months.

🔹Other crypto stocks like Galaxy Digital and Block Inc. also declined.

🔹MicroStrategy (now Strategy) remains steady as it continues aggressive BTC buys.

-The Block #ArkInvest #CathieWood #BTC #ETH #ARKK