Ark Invest Boosts Coinbase Holdings with $11.5 Million Purchase

Ark Invest has made another significant purchase of Coinbase shares, acquiring a total of 64,358 shares for $11.5 million on Monday, as the stock plummeted by 17.6% during a turbulent market session.

The purchase was split between two of Ark’s exchange-traded funds (ETFs): 52,753 shares valued at $9.4 million for its Ark Innovation ETF (ARKK) and 11,605 shares worth $2.1 million for its Ark Fintech Innovation ETF (ARKF).

This latest move follows a series of strategic acquisitions, with Ark spending $8 million on Coinbase shares for its Next Generation Internet ETF (ARKW) just a week earlier. In total, Ark has now invested $28.2 million in Coinbase over the past three weeks.

Ark’s investment strategy emphasizes portfolio diversification, capping any single holding at 10% of a fund’s total value. This ensures the firm can make adjustments as the value of Coinbase shares fluctuates in relation to other holdings within the funds.

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Currently, Coinbase is Ark’s third-largest position in the ARKK fund, accounting for 7.1% of the portfolio, valued at $375.1 million.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.