TLDR
- Ark Invest buys $47M in Coinbase, BitMine after earnings-driven drops
- Ark doubles down on Coinbase, BitMine amid crypto stock sell-off
- Ark Invest seizes dip, adds $47M in Coinbase and BitMine shares
- Ark ramps up Coinbase, BitMine stakes during market volatility
- Cathie Wood’s Ark Invest buys the crypto dip in Coinbase, BitMine
Ark Invest expanded its exposure to Coinbase and BitMine Immersion Technologies with nearly $47 million in combined purchases. The transactions occurred on Friday across three of the firm’s actively managed exchange-traded funds. The move followed sharp price declines in both stocks after weaker-than-expected earnings and volatile trading sessions.
JUST IN: Ark Invest has purchased $30 million in #Coinbase shares and has added $17 million in BitMine across three funds, per report.#crypto
— CryptOpus (@ImCryptOpus) August 2, 2025
Ark Increases Coinbase Holdings
Ark Invest acquired 94,678 shares of Coinbase across the ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF. The total purchase was valued at approximately $29.8 million based on Friday’s closing price. Coinbase shares fell 16.7% that day, closing at $314.69 after hitting an intraday low of $310.55.
The stock’s drop came after disappointing quarterly results, which pushed it well below its 52-week high of $444.64. Ark Invest took the opportunity to significantly increase its position in the exchange. The move marked a shift from earlier in the week when ARKW sold 18,204 shares for nearly $7 million.
Coinbase has faced increased market pressure in recent weeks due to fluctuating trading volumes and tightening regulatory scrutiny in the U.S. The broader cryptocurrency sector also saw heightened volatility, impacting public market valuations. Ark’s Friday purchases suggest a renewed commitment to the company despite recent headwinds.
Ark Adds to BitMine Position
Alongside the Coinbase buy, Ark Invest purchased 540,712 shares of BitMine Immersion Technologies. The transaction was worth roughly $17 million across ARKK, ARKW, and ARKF. BitMine’s stock fell 8.55% on Friday, closing at $31.68 after reaching an intraday low of $30.30.
This purchase extended a week-long buying streak in BitMine, which included $20 million in acquisitions on Monday and $15.3 million on Tuesday. In total, Ark Invest allocated about $52.4 million to BitMine shares over five trading sessions. The company’s position has grown substantially in recent months as BitMine shifted its focus to Ethereum reserves.
BitMine currently holds 625,000 Ether, making it the largest Ether treasury company according to StrategicEtherReserves data. It is followed by SharpLink Gaming, which holds 438,200 Ether. The firm’s expanded holdings reflect a strategic bet on Ethereum’s role in future digital asset markets.
Broader Market Context
Ark Invest’s latest moves come amid a volatile period for cryptocurrency-linked equities. Price swings in both Bitcoin and Ethereum have translated into sharp stock market fluctuations for blockchain-related companies. However, Ark’s purchases demonstrate a clear willingness to increase exposure during downturns.
The transactions also highlight Cathie Wood’s ongoing strategy of capitalizing on short-term market weakness. By buying into steep declines, the firm positions itself for potential upside when sentiment improves. Both Coinbase and BitMine remain central to Ark’s long-term growth portfolio.
