ARK Invest added to its Coinbase position after the exchange operator’s shares fell sharply. The firm purchased 68,366 Coinbase shares for about $10.19 million, following a 5.06% decline in the stock during Thursday’s session.
It did not stop with Coinbase. On the same day, ARK also bought 57,511 shares of Bullish for roughly $1.34 million and 12,269 shares of Robinhood for about $1.21 million. The transactions came as several crypto-linked equities pulled back together.
Crypto-related stocks fell across the board
The reported moves line up with a weak day for the sector. Coinbase dropped 5.06%, Circle lost 3.06%, Robinhood fell 3.83%, and Bullish posted the steepest decline at 6.77%. ARK’s purchases followed those losses, pointing to a pattern of buying into market weakness.
The firm also said it follows strict portfolio constraints, with no position allowed to exceed 10% of any fund. That detail matters because ARK’s buying activity is shaped not only by conviction, but also by ETF allocation rules and market-driven rebalancing.
Coinbase buying had already accelerated earlier in the week
The latest Coinbase purchase extends a broader run of transactions. Earlier this week, ARK Invest acquired an additional 111,799 Coinbase shares in a trade valued at close to $18 million. That places Coinbase among the firm’s more active recent buys.
ARK also increased its exposure outside the crypto sector. Through its ETFs, the company purchased 210,121 SpaceX shares worth about $32.5 million. In the source material, that trade is presented alongside the Coinbase, Bullish, and Robinhood purchases as part of a continued investment push during the week.
Cathie Wood points to sticky inflation expectations
Cathie Wood recently said on X that meetings in Asia and Europe left her with the impression that inflation expectations remain persistent. Her comments came as some investors prepared for the possibility of a tougher policy stance from the US Federal Reserve.
Because ARK manages position sizes within fund limits, its portfolio can shift as markets move. With volatility still visible in crypto-linked stocks, the firm’s next allocation changes are likely to stay under close watch.