Cathie Wood’s ARK Invest significantly increased its Coinbase (COIN) holdings throughout June 2026. The firm utilized a buy-the-dip strategy as the exchange's stock fell over 28% year-to-date.
ARK acquired over 111,000 shares for approximately $19 million on June 17. The firm purchased a combined 77,380 shares valued at $11.5 million on June 25 and 26. On June 26 alone, ARK bought 68,366 shares worth roughly $10.19 million.
These aggressive accumulations occurred while Coinbase traded in a depressed price range. The move signals ARK’s conviction in the company despite a broader sell-off in crypto-linked equities.