Ark Invest has trimmed its holdings in Coinbase (COIN), selling 124,892 shares worth approximately $43.8 million on Monday. The move comes as the crypto exchange’s stock trades near its all-time closing high, fueled by renewed market momentum and bullish sentiment in the digital asset sector.
Breakdown of the Coinbase Share Sale
According to Ark Invest’s latest trading data:
- ARK Innovation ETF (ARKK) sold 77,956 shares
- ARK Next Generation Internet ETF (ARKW) sold 29,802 shares
- ARK Fintech Innovation ETF (ARKF) sold 17,134 shares
The total value of shares sold is estimated at $43.8 million, based on Monday’s closing price of $350.49.
Coinbase Stock Holds Near Record Highs
Coinbase closed down 0.83% at $350.49 on Monday, slightly below its all-time closing high of $375.07, which was set on June 26, 2025. Despite the dip, COIN remains up 42.12% over the past month and 41.16% year-to-date, reflecting growing investor confidence in the crypto market’s recovery.
Coinbase’s performance has been significantly boosted by the public market debut of Circle, a key stablecoin issuer and industry partner.
Bernstein Raises Coinbase Price Target to $510
Adding to the bullish outlook, analysts from global research and brokerage firm Bernstein recently raised their price target for Coinbase from $310 to $510. The upgrade is based on:
- Improved earnings forecasts
- New growth drivers
- A more favorable valuation model
This reflects strong institutional optimism around Coinbase’s long-term business model and the broader crypto infrastructure sector.
Ark Invest Strategy: Rebalancing, Not Exit
Ark Invest, led by Cathie Wood, has frequently adjusted its crypto-related stock exposure in response to market conditions. The latest sale likely reflects portfolio rebalancing rather than a shift in long-term conviction, as Ark remains one of the most prominent institutional backers of digital asset equities.
Ark’s funds still retain a substantial stake in Coinbase despite this latest trim.
Outlook
As Coinbase flirts with record highs, Ark Invest’s sale underscores a strategic move to capitalize on gains while maintaining exposure. With analysts raising targets and crypto equities gaining momentum, Coinbase remains a key stock to watch in the evolving digital finance landscape.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.