TLDR
- ARK Invest bought ~$4.1M in Coinbase and ~$12M in Robinhood stock on Tuesday during a market dip
- Coinbase ended Tuesday down 1.55%, Robinhood fell 3.44%, as US-Iran tensions hit markets
- Coinbase posted a $667M net loss in Q4 2025, ending eight straight quarters of profitability
- Bitcoin rose 6% to around $71,364 as traders explored it as a possible safe-haven asset
- Coinbase CEO Brian Armstrong said crypto foundations have “never been stronger”
Cathie Wood’s ARK Invest wasted no time buying the dip on Tuesday, snapping up Coinbase and Robinhood stock as both fell on geopolitical pressure from the US-Iran conflict.
ARK purchased 22,452 Coinbase $COIN across three ETFs — ARKK, ARKW, and ARKF. At the closing price of $182.36, that came to roughly $4.1 million.
The firm also picked up 158,587 Robinhood $HOOD through the same three funds. At $76.07 per share, that transaction totalled about $12 million.
Coinbase closed Tuesday down 1.55%. Robinhood dropped harder, falling 3.44%.
The broader market was also under pressure. The Nasdaq fell 1% and the S&P 500 dipped 0.94% on the day.
ETF analyst James Seyffart noted on X that ARK did “a larger amount of trading” than usual, suggesting Tuesday’s activity went beyond routine rebalancing.
Tuesday’s purchases fit a pattern. Last month, ARK bought around $15.2 million worth of Coinbase stock after selling roughly $39 million in the stock across two days in early February.
As of March 3, Coinbase was ARK’s sixth-largest holding in ARKK at a 4.21% weighting, valued at around $281.2 million.
ARK’s Wider Bets
ARK also added Roblox, Shopify, Amazon, DraftKings, CoreWeave, Genius Sports, BioNTech, and Eli Lilly on Tuesday. It trimmed positions in Roku, Baidu, Taiwan Semiconductor, Nextdoor, and PagerDuty.
The firm has been consistently adding to crypto-linked names throughout early 2026, including recent buys in Circle and the Bullish crypto exchange.
Earnings Miss in Focus
The renewed buying comes after a rough Q4 2025 earnings report from Coinbase. The company posted a $667 million net loss, ending eight consecutive quarters of profitability.
Net revenue fell 21.5% year over year to $1.78 billion, missing analyst estimates. Transaction revenue dropped, though subscription and services revenue edged up slightly.
Despite the miss, ARK has continued adding to its position during pullbacks.
Meanwhile, Coinbase CEO Brian Armstrong took to X on Wednesday, saying the “foundations for crypto have never been stronger.”
Bitcoin was up 6% to around $71,364 on Wednesday as traders warmed to it as a possible safe-haven asset amid fresh geopolitical tensions.
Bitcoin has still declined around 18% year to date, following a rough February that saw a 15% drop — one of its worst months in recent memory.
Coinbase’s head of strategy John D’Agostino described these corrections as a “very natural” part of a scarce asset’s life cycle.
Traditional finance adoption has continued in the background. D’Agostino noted that Mastercard and Visa are now using the USDC stablecoin to speed up payment settlements.
The Clarity Act, a key piece of crypto legislation, remains stalled in Congress. Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, urged lawmakers this week: “Let’s not let any moss grow here.”
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