Coinbase Stock Surges 12% on Ark Invest Purchase, Ceasefire News, EU License

Coinbase stock (COIN) experienced a significant rally on Tuesday, June 24, 2025, surging over 12% to close around $344.65. This marked a substantial increase from the previous close of $307.59, adding $37.06 in value. The surge was driven by a confluence of major events that collectively boosted investor confidence and market sentiment.

The primary catalyst for the price increase was the investment by Cathie Wood’s Ark Invest. The firm purchased an additional 1,519 Coinbase shares on Monday. While this number may seem modest, it is significant given that Ark now holds over $159 million worth of Coinbase stock, representing 7.82% of its total assets. This investment underscores Ark’s continued faith in Coinbase, and such endorsements from major institutional investors often influence other market participants to follow suit.

Another contributing factor was the announcement by former U.S. President Donald Trump of a “Complete and Total Ceasefire” between Israel and Iran. This news brought relief to global markets, reducing anxiety and contributing to a rapid recovery in cryptocurrency prices. Bitcoin, for instance, rose back above $106,000, while Ethereum saw a robust 15% increase, and XRP surged by more than 6%, surpassing the $2.15 threshold. The overall positive sentiment in the crypto market provided a much-needed boost to Coinbase, as the exchange is closely tied to crypto prices.

Additionally, Coinbase secured a MiCA license from Luxembourg’s financial authority. This regulatory milestone makes Coinbase the first U.S.-based exchange approved under the EU’s new crypto rules, granting it legal permission to offer services across all EU countries. This expansion into Europe is expected to enhance Coinbase’s business prospects and market reach, further driving investor interest and confidence.

The combination of Ark Invest’s investment, the ceasefire announcement, and the EU MiCA license collectively propelled Coinbase’s stock to new heights. These positive developments have reflected a favorable outlook for the company’s future growth and market standing, driving investor excitement and contributing to the stock’s significant surge.