Share this article
Cathie Wood's ARK Buys Over $13M of Coinbase Shares
The purchase appears to be ARK's biggest of the year, eclipsing the $9.2 million order earlier this month
Updated May 9, 2023, 4:08 a.m. Published Feb 23, 2023, 10:10 a.m.
Investment manager ARK has added a total of around $13.2 million worth of Coinbase (COIN) shares, according to an investor email on Thursday.
Cathie Wood's ARK Innovation ETF (ARKK) added 181,972 shares ($11.4 million) of Coinbase, which appears to be its single biggest COIN order of the year eclipsing the $9.2 million order earlier this month.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
ARK also added 31,547 COIN shares ($1.93 million) to its Next Generation Internet ETF (ARKW).
The total of 213,519 shares is comfortably higher than than the 133,321 shares it purchased across the whole of last week.
Coinbase's Q4 earnings, published on Tuesday, were above expectations, but COIN shares dipped slightly on Wednesday, closing the day down 1.43% at $61.18.
Having lost around 86% its value in 2022, Coinbase stock began 2023 in bullish mode, more than doubling in value from around $34 to $81 in January, before pulling back somewhat this month.
COIN shares are up 2.45% at $62.68 in pre-market trading at the time of writing.
Read more: What Coinbase's Q4 Earnings Mean for Crypto Adoption
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
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
What to know:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
