Share this article
ARK Invest Sells $8.64M Coinbase Stake After Crypto Exchange's Shares Rally to Record
COIN climbed to record highs above $395 on Friday as bitcoin ascended to an all-time high of around $118,000
Updated Jul 14, 2025, 1:48 p.m. Published Jul 14, 2025, 8:52 a.m.
What to know:
- ARK Invest sold $8.6 million worth of Coinbase shares late last week as the crypto exchange's shares pumped to record highs.
- The investment firm led by Cathie Wood sold a total of 22,223 COIN shares from two of its ETFs on Thursday and Friday last week.
- COIN climbed to record highs above $395 per share on Friday as bitcoin ascended to an all-time high of around $118,000.
ARK Invest sold $8.64 million worth of Coinbase (COIN) shares late last week as the crypto exchange's shares pumped to record highs.
Cathie Wood's investment management firm offloaded 5,596 COIN shares from its Next Generation Internet ETF (ARKW) on Friday, worth $2.17 million based on the closing price of $387.06. That followed Thursday's sale of 16,627 shares, worth $6.47 million as of the day's close, from ARK's Innovation ETF (ARKK).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
COIN touched a record high above $395 during Friday trading as bitcoin ascended to an all-time high of around $118,000.
Rallies in particular shares often prompt sizeable sales from ARK, which has a target weighting of no particular holding exceeding 10% of an ETF's total value.
COIN is priced at $393.50 in pre-market trading at the time of writing, 1.66% higher than its Friday closing price, as BTC's surge extended to claim a new all-time high above $122,000.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
