TLDR
- Ark Invest purchased approximately $4.1 million worth of Coinbase shares and around $12 million in Robinhood shares on Tuesday
- Both stocks declined that day — Coinbase dropped 1.55%, Robinhood fell 3.44%
- These buys occurred as the US-Iran conflict put pressure on global markets; the Nasdaq Composite fell 1%
- Ark also adjusted its other holdings, adding Roblox, Shopify, and Amazon while reducing positions in some others
- Coinbase recently announced a net loss of $667 million for Q4 2025, falling short of analyst expectations
Cathie Wood’s Ark Invest acquired shares of Coinbase and Robinhood on Tuesday, despite both stocks declining during the trading session. These actions took place as geopolitical tensions stemming from the US-Iran conflict weighed on global markets.
Ark bought 22,452 Coinbase shares across three of its ETFs — ARKK, ARKW, and ARKF. Based on Coinbase’s closing price of $182.36, the purchase was valued at roughly $4.1 million.
The firm also acquired 158,587 Robinhood shares via the same three funds. At Robinhood’s closing price of $76.07, this transaction amounted to about $12 million.
Coinbase ended the day down 1.55%. Robinhood saw a steeper decline, dropping 3.44%.
The broader market also faced pressure. The Nasdaq Composite fell 1% and the S&P 500 slipped 0.94% on Tuesday.
ETF analyst James Seyffart noted on X that Ark engaged in more trading than usual that day, suggesting Tuesday’s activity went beyond routine rebalancing.
ARK’s Ongoing Crypto Stock Strategy
Ark has been steadily adding to crypto-linked stocks throughout early 2026. The firm has also bought shares of and the Bullish crypto exchange in recent months.
Ark’s strategy caps any single holding at around 10% of a fund’s portfolio. As of March 3, Coinbase was the sixth-largest holding in ARKK at a 4.21% weighting, valued at about $281.2 million.
Robinhood ranked seventh in ARKK at 4.07%. Circle came in eighth at 4.05%.
Tuesday’s purchases continue Ark’s pattern of buying during price dips. Last month, the firm bought around $15.2 million worth of Coinbase stock after earlier selling roughly $39 million in shares across two days in early February.
Ark also added shares of Roblox, Shopify, Amazon, DraftKings, , Genius Sports, BioNTech, and Eli Lilly on Tuesday. It trimmed positions in Roku, Baidu, Taiwan Semiconductor, Nextdoor, and PagerDuty.
Coinbase’s Recent Earnings Miss
This renewed buying interest follows a tough earnings report from Coinbase. The company posted a $667 million net loss for Q4 2025, ending eight straight quarters of profitability.
Net revenue fell 21.5% year over year to $1.78 billion, missing analyst estimates. Transaction revenue dropped sharply, though subscription and services revenue rose slightly.
Coinbase shares have seen volatility in the weeks since that report. Despite that, Ark has continued to add to its position during price pullbacks.
