Cathie Wood’s ARK Snaps Up Coinbase Stock Amid $13M Buying Spree During Sell-Off

As markets were roiled by a historic $5.4 trillion equities sell-off, Cathie Wood’s ARK Invest leaned into the volatility — scooping up more than 83,000 shares of Coinbase (COIN) across its ETFs.

The aggressive buying spree, totaling more than $13 million based on Friday’s close, came as traditional asset prices tumbled in response to President Donald Trump’s sweeping reciprocal tariffs. While tech stocks and risk assets were hit hard, ARK saw a buying window.

The lion’s share of the Coinbase allocation went to ARK’s flagship ARK Innovation ETF (ARKK), which absorbed nearly 55,000 shares. Additional tranches were added to the ARK Next Generation Internet ETF (ARKW) and the ARK Fintech Innovation ETF (ARKF), per ARK’s April 4 trading disclosure.

COIN fell over 12% during the rout, but crypto markets appeared far more resilient. Bitcoin maintained support above $80,000, and the broader CoinDesk 20 Index dipped just 5.8% — a stark contrast to the Nasdaq’s 11% slide.

For ARK, the move signals continued confidence in crypto’s infrastructure layer, especially as digital assets increasingly decouple from broader macro trends. It’s a high-conviction bet that, even amid turbulence, Coinbase remains a long-term pillar of the crypto economy.

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