On April 5, according to TheBlock, Ark Invest, led by Cathie Wood, increased its holdings of Coinbase stock by a total of 83,157 shares on Friday, approximately $13.4 million, at a time when Coinbase's stock price has dropped about 5% in the past week, and its market value has fallen below $30 billion for the first time since September 2024. This is another instance of Ark Invest buying on the dip after March, having previously added over $16 million in a single month.
Coinbase has experienced its worst quarterly performance since the FTX collapse in 2022, with its stock price dropping 33% in the first quarter of 2025, despite strong revenue expectations.
