Cathie Wood's ARK Invest Adds $54M in Coinbase, Bitmine, and Roku Stocks, Sells Roblox Stake

Cathie Wood's ARK Invest ETFs made significant moves in the crypto space, purchasing over $54 million in Coinbase (COIN) and Bitmine Immersion Technologies (BMNR) shares. The fund also trimmed its positions in Roblox (RBLX) and biotech firm Adaptive Biotechnologies (ADPT). Wood's aggressive buying of Coinbase and BMNR reflects strong conviction in the crypto sector despite the sharp rally.

Cathie Wood's ARK Invest ETFs have made significant moves in the crypto space, with notable purchases and sales of shares in key companies. The fund purchased over $54 million in Coinbase (COIN) and Bitmine Immersion Technologies (BMNR) shares, while trimming its positions in Roblox (RBLX) and biotech firm Adaptive Biotechnologies (ADPT). These moves reflect ARK Invest's strong conviction in the crypto sector despite recent market volatility.

ARK Invest's ETFs, including the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Frontier Tech ETF (ARKF), bought 94,678 shares of Coinbase, valued at approximately $30 million between July 15 and August 2, 2025 [1]. This purchase followed a 16.7% drop in Coinbase's stock, which was one of its worst declines in months. The move underscores ARK Invest's strategy of "buying the dip" in volatile markets, particularly within the crypto space.

Simultaneously, ARK Invest added $35.3 million worth of BitMine shares, reflecting its bullish stance on Ethereum-related infrastructure [3]. The firm's increased exposure to BitMine aligns with Ethereum's 50% surge in July—the best monthly performance in three years. This strategic pivot underscores a broader trend of institutional investors shifting from crypto exchanges to companies providing the infrastructure that supports digital assets [5].

ARK Invest also divested a significant portion of its holdings in Roblox Corp (RBLX), selling 353,530 shares for a total of $48,712,898 through its ARKK, ARKW, and ARKF funds [2]. This sale marks a substantial move away from the online gaming platform. Additionally, ARK sold 39,393 shares of Adaptive Biotechnologies Corp (ADPT) for $403,384 through its ARKG fund, following a trend of reducing exposure to the biotech firm [2].

The fund's aggressive buying of Coinbase and BitMine shares, despite the recent sharp rally in the crypto sector, suggests a long-term investment perspective. ARK Invest's strategic moves may signal a shift in investor sentiment towards more tangible blockchain infrastructure. The firm's increased stake in BitMine, coupled with its recent purchases in Figma and other digital innovation platforms, highlights a diversified approach to tech and crypto infrastructure [2].

ARK Invest's actions may serve as a signal to other market participants that it is time to reassess exposure to crypto-related equities, particularly for those with a long-term investment horizon. The firm's continued focus on disruptive technologies and digital asset infrastructure aligns with its broader vision of supporting innovation in emerging sectors [5].

References:

[1] https://www.ainvest.com/news/ark-invest-buys-30m-coinbase-stake-16-7-stock-drop-2508/
[2] https://www.investing.com/news/company-news/cathie-woods-ark-etfs-shuffle-rblx-coin-and-bmnr-stocks-93CH-4166810
[3] https://www.ainvest.com/news/ethereum-news-today-ark-invest-sheds-coinbase-stake-adds-35-3m-bitmine-ethereum-surge-2508/
[5] http://www.msn.com/en-us/money/savingandinvesting/cathie-wood-sells-47-9-million-of-surging-crypto-stock/ar-AA1I7Bi9?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&ocid=BingNewsSerp&renderwebcomponents=1&wcseo=1