As Coinbase (COIN) Share Price Tanked, Cathie Wood's Ark Invest Bought the Dips

As the Coinbase share price tanked under $150, Cathie Wood's Ark Invest took the opportunity to buy the dips.

Cathie Wood's Ark Invest continues to show interest in Coinbase (NASDAQ:COIN) as the share price floundered below $150 amid the recent Wall Street rout.

The asset manager bought a total of 84,514 COIN shares on Monday at a combined price of $13.3 million across two of its exchange-traded funds.

Since the start of 2025, the COIN stock price has already slid 38.8%, slipping from $250 to now trade below $160. However, the share price surged 3% on Tuesday’s pre-market trading.

Cathie Wood’s Ark Invest On Coinbase Buying Spree

In its latest trade filing, ARK Invest disclosed significant purchases of Coinbase (COIN) shares. The ARK Next Generation Internet ETF (ARWKncluded 64,806 shares of Coinbase, valued at approximately $10.2 million. Similarly, the ARK Fintech Innovation ETF (ARKF) added 19,708 shares of Coinbase, worth around $3.1 million.

Following Monday’s acquisition, the Coinbase stock now weighs 5.92% of ARKW’s portfolio. This makes it the fund’s fourth-largest holding. However, in ARKF, Coinbase shares represent an even larger allocation, with a 7.65% weight, making it the second-largest holding in the fund.

Over the last week, the Coinbase share price dropped 10% amid massive correction led by the Trump trade war. However, following yesterday’s development, the stock price bounced 2% to $159.40 levels.

Cathie Wood resumed COIN stock purchases last month after heavy correction since the beginning of the year. Her firm Ark Invest has periodically dabbled into new age companies like Coinbase, Robinhood, Tesla, and others, which has now become popular as Wood’s style of investing. Her bets into volatile stocks and future-driven companies have generated strong returns for Ark Invests’ customers.

Where’s COIN Price Heading Next?

Amid the heavy selloff across technology companies trading on Wall Street, the investor sentiment has been significantly down. As of press time, the COIN price is trading closer to $160, however, analysts have mixed opinions regarding its next movement. Popular crypto analyst, Ali Martinez, noted that COIN price has broken down out of the channel pattern, which opens the gates for a further drop to $100.

Other analysts believe that if purchases by Cathie Wood and other institutions help to defend the $145 support for COIN, it can resume the upside to $200 and above.