Cathie Wood’s Ark Invest Placed Well-Timed Coinbase Bet Before Stock Surge

Nearly 200, 000 Paypal shares were added over the course of the past three buying time as markets sagged as a result of President Trump ‘s&nbsp, business battle, according to CNNd technology investor Cathie Wood and her actively managed Ark Invest ETFs.

The top-tier American crypto exchange’s stock was purchased by the Ark Innovation ETF ( ARKK), Ark Next Generation Internet ETF ( ARKW), and Ark Fintech Innovation ETF ( ARKF), which were the top three stocks in total additions of 83, 157 shares on April 4 and 84, 514 shares on April 7. The group added 31 more 730 stock in total on Tuesday. &nbsp,

As of April 9, Wood’s Ark Invest ETFs had a total of 3, 071, 038 million securities of Bitcoin on file. That stash is worth about$ 550 million based on the current COIN price of just under$ 180 per share, with COIN and other stocks rising on Wednesday afternoon as a result of President Trump’s announcement to allow a 90-day pause on most of his “reciprocal” trade tariffs.

At the end of 2024, Ark ranked near the top of all administrative holders of the property and has a long story with blockchain and shares of Coinbase. Around that time, the company sold nearly$ 4 million worth of shares, and in early 2024, a much larger portion for$ 52 million.

The company regularly rebalances its funds, buying and selling stocks as a result, making the Gold picks for Ark not unusual over the past three buying days.

Some analysts see reason for optimism, despite COIN’s nearly 28 % decline since the start of the year.

According to a report from Cantor Fitzgerald on Tuesday, Wall Street may have overlooked the property because of its connections to USDC, Base, and Circle, a stablecoin supplier, and Base’s Ethereum layer-2 network. As a result, the company’s analysts assigned COIN an” Overweight” rating along with a$ 245 price target, which is a 36 % increase over the current price as of this writing.

edited by Andrew Hayward