Cathie Woods Ark Invest Buys $8.7m Of Coinbase Stock: Best Crypto Presale To Buy Right Now?

Cathie Wood’s Ark Invest bought 41,032 Coinbase (COIN) shares worth $8.7 million for its Next Generation Internet exchange-traded fund (ARKW).

While ARKW purchased seven figures worth of COIN, it also dumped $8.6 million worth of its spot Bitcoin

-

Price

Market Cap

-

-

-

24h 7d 30d 1y All Time

Log

🔥 BREAKING: ARK Invest acquires $8.7M in Coinbase stock while offloading $8.6M of its #Bitcoin ETF as crypto markets face a downturn. pic.twitter.com/sSWanveEMC

— Crypto Jessica (@CryptoJessXBT) February 26, 2025

Ark Invest Have Now Bought Over $10m Worth Of Coinbase Stock In The Last 5 Months

It’s just the second time Ark Invest has bought Coinbase shares for its funds since first purchasing $2.2 million worth of COIN back in October 2024, in anticipation of pro-crypto Donald Trump’s presidential election victory a month later.

Following Trump’s election win, COIN stock quickly doubled to a new all-time high of $343.62 in December 2024. In the same period, BTC also shot up 76% from roughly $62,000 to a peak of over $109,000 on Inauguration Day (January 20).

Since those peaks for COIN and BTC, both have suffered significant downturns, falling around 38% and 19%, respectively, further fuelled by this week’s continued crypto price plunge.

At the time of writing, COIN is trading at $212, while BTC is at roughly $88,000. Many analysts believe that the market won’t turn green until Bitcoin has tapped long-standing support levels of around $72,000-75,000.

(Yahoo Finance)

DISCOVER: Who is Aya Miyaguchi? New Ethereum Foundation Head – Can She Save Ethereum Price?

Cathie Wood’s Strict Guidelines For Ark Investments: 10% Cap On Allocations

Ark Invest has a strict policy lets no individual holding take up more than 10% of a fund’s portfolio. This is set in place to ensure diversification within its funds.

This means that Ark is likely to continue rebalancing its weightings if the value of Coinbase’s stock rises or falls significantly relative to other holdings in its funds.

According to the firm’s disclosures, COIN is currently the sixth-largest holding within its ARKW fund. It has a weighting of 5.5% and is worth around $94.4 million as of yesterday (February 25).

According to Yahoo Finance, Coinbase shares closed down 6.4% on Tuesday at $212.49, and they are now losing over 17% year-to-date.

BONUS: BTC Bull Presale Nears $3m In Funding As Investors Mark It As A Flight To Safety From Sinking Crypto Market

With Bitcoin (BTC) down nearly 8% in the past week, currently trading at around $88,500, the hot new BTCBULL meme coin token is exploding, nearing $3M in the early stages of its presale.

The BTC Bull Token (BTCBULL) reached a new funding milestone today (February 26), raising $2.8 million in total. Market insiders now predict it will hit $10m by the end of Q1 2025.

The BTCBULL token offers investors unmatched utility within the meme coin sector. It also provides passive Bitcoin income in the form of BTC airdrops.

Whenever Bitcoin reaches key price milestones set by the project, starting with $150,000, $BTCBULL holders will receive BTC airdrops weighted based on their token holdings.

This process repeats at every $50,000 increase, meaning the next airdrop would occur at $200,000, then $250,000, and so on.

With notable figures such as CZ and Michael Saylor calling for $1m BTC in the next five years, these BTC airdrops from BTCBULL could prove extremely lucrative.

Stay updated and connect with the rapidly growing BTC Bull Token community on X and Telegram.

Check Out The BTC Bull Token Here

EXPLORE: Smart Money Buy The Dip As AI and RWA Predicted Recovery: Best RWA Crypto to Buy?

Join The 99Bitcoins News Discord Here For The Latest Market Updates