Cathie Wood’s ARK Invest increased her exposure to crypto-linked equities after her firm, ARK Invest, purchased more than $16 million worth of shares in Coinbase Global Inc. (NASDAQ: COIN) and Robinhood Markets Inc. (NASDAQ: HOOD) amid a broader market dip.
According to the firm’s latest trading disclosures, ARK acquired 22,452 shares of Coinbase, valued at approximately $4.09 million based on the day’s closing price. The firm also bought 158,587 shares of Robinhood, a transaction worth roughly $12.06 million.
The purchases were spread across multiple ARK exchange-traded funds, including the ARK Innovation ETF, the ARK Next Generation Internet ETF, and the ARK Fintech Innovation ETF.
Both stocks declined during the session. Coinbase since the start of the day is up about 1.9%, while Robinhood surged roughly 1.61%, as broader U.S. equities weakened amid heightened geopolitical tensions and a risk-off shift in sentiment. Major indexes, including the Nasdaq Composite and S&P 500, are also gradually picking pace.
Market Context
The buying activity followed volatility tied to escalating tensions involving the United States and Iran, developments that weighed on global markets and pressured growth-oriented technology shares.
ARK’s move aligns with Wood’s established strategy of increasing positions during downturns in companies the firm views as structurally positioned for long-term expansion. Coinbase remains a major crypto infrastructure holding within ARK’s portfolios, while Robinhood provides exposure to retail trading activity and broader fintech adoption trends.
Despite near-term weakness in both equities, the fresh allocation signals ARK’s continued conviction in digital asset platforms and technology-driven brokerage models, even as macro uncertainty shapes short-term price action.
The broader crypto market has also recorded notable gains. Bitcoin, the largest cryptocurrency by market capitalization, rose approximately 7.55% over the past 24 hours, pushing its price above $71,000 for the first time since February 9, when it briefly tested that level.
Across the sector, total crypto market capitalization climbed 6.24% in the past day, reaching roughly $2.43 trillion, reflecting renewed risk appetite and stronger momentum across digital assets according to CoinMarketCap.