Cathie Wood’s Ark Invest Locks in $530 Million Profit from Coinbase, Circle, and Robinhood Sales

Ark Invest, led by Cathie Wood, has strategically rebalanced its portfolio by selling $13.3 million in Coinbase Global, Inc. (NASDAQ: COIN) shares and $8.7 million of its ARK 21Shares Bitcoin ETF (NYSEARCA: ARKB) on July 15. These moves capitalize on recent record highs for both assets.

This activity is part of a broader wave of divestitures in crypto-related stocks throughout June and July 2025, as Ark adjusted its exposure to Coinbase Global, Inc. (NASDAQ: COIN), Circle Financial Corporation (NYSE: CRCL), and Robinhood Markets, Inc. (NASDAQ: HOOD) amid a booming cryptocurrency market.

Below is a detailed breakdown of Ark’s transactions in these three equities, reflecting its agile navigation of a rapidly evolving sector.

Coinbase: Capitalizing on a 43% Surge

Between June and July 2025, Ark Invest sold approximately $165 million worth of Coinbase shares, capitalizing on a 43% rally that pushed the stock price above $398.50. Below is a timeline of key transactions during this period:

• June 27, 2025: With Coinbase trading near $398.50, Ark sold $12.5 million worth of shares.

• June 30, 2025: Amid a sustained rally and Bitcoin climbing above $120,000, Ark offloaded $43.8 million in Coinbase stock.

• July 11, 2025: Coinbase’s price held near $400; Ark sold an additional $6.5 million in shares.

• July 15, 2025: Following Coinbase reaching $400 and Bitcoin surpassing $123,000, Ark sold 34,207 shares valued at $13.3 million across ARKK, ARKW, and ARKF ETFs.

Despite these sales, Ark purchased $1.3 million in Coinbase shares during the same period, signaling a cautious but selective confidence in the company amid ongoing regulatory challenges.

Circle: Profit-Taking After a 490% Post-IPO Rally

Between early June and the end of July 2025, Ark Invest sold $342.7 million in Circle shares after capitalizing on a massive 490% rally post-IPO. The timeline of key sales is as follows:

• June 16, 2025: Following Circle’s IPO surge, Ark sold $51.8 million worth of shares as the stock traded near its peak.

• June 17, 2025: Ark continued profit-taking, offloading another $44.7 million amid sustained high demand.

• June 24, 2025: With Circle shares still elevated, Ark sold $109.6 million in shares.

• June 30, 2025: Ark sold a final tranche of $43.8 million before month-end, aligning with a JPMorgan downgrade to “underweight” and an $80 price target for 2026.

Initially, Ark had purchased $373 million in Circle shares but quickly moved to reduce exposure, adhering to a portfolio cap of 10% per holding. These sales reflect Ark’s strategy to lock in substantial gains while managing risk amid regulatory uncertainties facing stablecoin issuers.

Robinhood: Balancing Sales and Strategic Buys

During June and July 2025, Ark Invest executed both significant sales and reinvestments in Robinhood shares, reflecting a nuanced view of the retail trading platform’s prospects. Key transactions include:

• June 5, 2025: Ark sold 58,504 Robinhood shares worth $18.5 million as the stock traded near $97, coinciding with Bitcoin’s rally past $115,000.

• June 24, 2025: Demonstrating renewed confidence, Ark purchased 319,640 shares valued at $24.4 million amid ongoing expansion in Robinhood’s crypto trading business.

• July 10, 2025: Ark sold an additional $5.8 million worth of Robinhood shares as the stock price rose to $98.70, supported by Bitcoin climbing to $118,000.

These moves illustrate Ark’s strategy of balancing profit-taking with targeted reinvestment, underscoring confidence in Robinhood despite regulatory scrutiny from Florida’s attorney general.

Closing Summary

Ark Invest’s total sales across Coinbase, Circle, and Robinhood reached approximately $532 million during June and July 2025. These moves reflect a disciplined effort to lock in gains amid a 119% surge in crypto stocks, driven by Bitcoin’s peak above $123,000 and Ethereum’s rise to $3,011. At the same time, Ark’s selective purchases — $1.3 million in Coinbase and $24.4 million in Robinhood — signal ongoing optimism about the crypto ecosystem.

With Bitcoin ETFs attracting $1.18 billion in inflows on July 10, Ark’s portfolio adjustments underscore its agility in navigating a volatile market. As Cathie Wood continues to champion blockchain innovation, investors remain keenly attentive to Ark’s next moves in the evolving crypto landscape.