Cathie Wood’s Ark Invest is rebalancing its crypto exposure, shedding shares in established platforms like Coinbase and Robinhood while betting big on emerging players such as Bitmine Immersion Technologies.
$12M Coinbase Selloff Continues Ark’s Profit-Taking Trend
On Thursday, Ark Invest sold 30,501 shares of Coinbase (COIN), amounting to roughly $12 million in proceeds based on market pricing. This move continues a recent trend where Cathie Wood’s firm has been trimming its position in the crypto exchange, capitalizing on its strong YTD performance.
The selloff signals a broader shift in Ark’s portfolio from mainstream crypto infrastructure into more thematic, high-growth plays.
Ark Loads Up on Bitmine With $116M Investment
Just last week, Ark made headlines by deploying $116 million into Bitmine Immersion Technologies (BMNR), a Peter Thiel-backed firm focused on Ethereum-native treasury infrastructure. The firm specializes in immersion-cooled ETH mining and treasury services, a niche gaining traction amid Ethereum’s institutional expansion.
This bold allocation reflects Ark’s growing conviction in Ethereum’s long-term dominance and Bitmine’s positioning at the intersection of ETH and enterprise finance.
Additional Sales: Robinhood and Block Also Trimmed
In addition to Coinbase, Ark sold 11,262 shares of Robinhood (HOOD), worth about $1.1 million, and 123,169 shares of Jack Dorsey’s Block Inc (XYZ), valued at approximately $10 million.
These exits are part of a broader portfolio recalibration strategy as Ark rotates capital toward high-conviction assets tied to Ethereum scalability and decentralized finance innovation.
What It Means: From Infrastructure to Innovation
Ark’s latest moves illustrate a deliberate pivot away from mature, high-liquidity crypto equities toward next-generation plays aligned with Ethereum and Web3’s evolution.
While Coinbase and Block remain core pillars in crypto finance, Ark is clearly shifting toward early-stage bets like Bitmine that could drive asymmetric returns in the next crypto cycle.
Conclusion: Ark’s Bet Signals Confidence in Ethereum Ecosystem Expansion
By trimming holdings in Coinbase, Robinhood, and Block while doubling down on Bitmine, Ark Invest is repositioning for the next wave of crypto innovation centered around Ethereum-native finance.
With $116M poured into Bitmine, Cathie Wood is sending a clear message: the ETH economy is just getting started.
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.