Cathie Wood Buys Coinbase (COIN) and Robinhood (HOOD) Dip as Markets Fall on US-Iran Tensions

TLDR

• Ark Invest bought ~$4.1M in Coinbase shares and ~$12M in Robinhood shares on Tuesday
• Both stocks fell on the day — Coinbase down 1.55%, Robinhood down 3.44%
• Purchases came as US-Iran conflict pressured global markets; Nasdaq fell 1%
• Ark also reshuffled other holdings, adding Roblox, Shopify, and Amazon while trimming others
• Coinbase recently reported a $667M net loss in Q4 2025, missing analyst expectations

Cathie Wood’s Ark Invest bought shares of Coinbase and Robinhood on Tuesday, even as both stocks dropped during the session. The moves came as geopolitical tensions from the US-Iran conflict weighed on global markets.

Ark purchased 22,452 shares of Coinbase across three of its ETFs — ARKK, ARKW, and ARKF. Based on Coinbase’s closing price of $182.36, the purchase was worth roughly $4.1 million.

Coinbase Global, Inc., COIN

The firm also bought 158,587 shares of Robinhood through the same three funds. At Robinhood’s closing price of $76.07, that transaction came to about $12 million.

Coinbase ended the day down 1.55%. Robinhood fell harder, dropping 3.44%.

The broader market was also under pressure. The Nasdaq Composite fell 1% and the S&P 500 dipped 0.94% on Tuesday.

ETF analyst James Seyffart noted on X that Ark did “a larger amount of trading” than usual that day, suggesting Tuesday’s activity went beyond routine rebalancing.

ARK’s Ongoing Crypto Stock Strategy

Ark has been consistently adding to crypto-linked stocks throughout early 2026. The firm has also bought shares of Circle and the Bullish crypto exchange in recent months.

Ark’s strategy caps any single holding at around 10% of a fund’s portfolio. As of March 3, Coinbase was the sixth-largest holding in ARKK at a 4.21% weighting, valued at about $281.2 million.

Robinhood ranked seventh in ARKK at 4.07%. Circle came in eighth at 4.05%.

Tuesday’s buys continue a pattern of Ark purchasing during dips. Last month, the firm bought around $15.2 million worth of Coinbase stock after earlier selling roughly $39 million in shares across two days in early February.

Ark also added shares of Roblox, Shopify, Amazon, DraftKings, CoreWeave, Genius Sports, BioNTech, and Eli Lilly on Tuesday. It trimmed positions in Roku, Baidu, Taiwan Semiconductor, Nextdoor, and PagerDuty.

Coinbase’s Recent Earnings Miss

The renewed buying interest comes after a tough earnings report from Coinbase. The company posted a $667 million net loss for Q4 2025, ending eight straight quarters of profitability.

Net revenue fell 21.5% year over year to $1.78 billion, missing analyst estimates. Transaction revenue dropped sharply, though subscription and services revenue rose slightly.

Coinbase shares have seen volatility in the weeks since that report. Despite that, Ark has continued to add to its position during price pullbacks.

The post Cathie Wood Buys Coinbase (COIN) and Robinhood (HOOD) Dip as Markets Fall on US-Iran Tensions appeared first on CoinCentral.