Catenaa, Tuesday, July 22, 2025-Cathie Wood’s Ark Invest sold $90.58 million worth of Coinbase (COIN) stock on Monday, following the crypto exchange’s recent surge to an all-time high.
Ark sold 218,986 Coinbase shares across three of its ETFs, according to company disclosures. The Ark Innovation ETF (ARKK) offloaded the largest tranche at 174,746 shares, while ARKW and ARKF sold 27,663 and 16,577 shares, respectively.
Coinbase stock has been on a tear, briefly breaching $437 last week after the U.S. House passed a pivotal crypto bill setting federal guardrails for stablecoins and digital assets. The app also entered the top 100 on Apple’s App Store for the first time since January.
Despite its rally, Coinbase closed Monday 1.47% lower at $413.63.
Ark also trimmed its holdings in Robinhood and Block Inc. The firm sold 109,824 Robinhood shares worth $11.46 million via ARKW. Robinhood’s stock declined 4.92% to close at $104.34.
ARKF offloaded 90,061 shares of Block Inc., valued at $7 million. Block’s shares rose 7.22%, ending Monday at $78.08.
Ark Invest follows a strategy that limits individual stock holdings to 10% of any fund, prompting regular rebalancing to preserve portfolio diversity.
