TLDR
- ARK Invest bought 28,315 Coinbase shares worth $7.5 million on December 2, 2025
- The firm sold 181,303 Roku shares valued at $17.5 million for the second straight day
- Coinbase represents 5.6% of ARKK portfolio, making it the second-largest holding at $409.6 million
- ARK also purchased Bullish and Robinhood shares as crypto markets recovered
- Bitcoin rebounded above $91,000 while Ether climbed back to $3,000
Cathie Wood’s ARK Invest made substantial changes to its portfolio on December 2, adding cryptocurrency exchange stocks while reducing streaming positions. The firm bought 28,315 Coinbase shares through its flagship ARK Innovation ETF for $7.5 million.
This purchase marks ARK’s second Coinbase buy in recent weeks. On November 26, the firm acquired $16.5 million of the stock across three ETFs. The buying activity shows increased confidence in crypto exchanges as digital asset markets stabilize.
Coinbase now holds the second-largest position in ARKK at 5.6% of the fund. The total position value stands at $409.6 million. Tesla maintains the top spot with a $900.2 million holding.
The crypto exchange’s stock closed at $263.26 on Tuesday, up 1.3% for the day. Wednesday’s pre-market trading showed an additional 4.2% gain. Over the past month, however, Coinbase has dropped 21.7%.
Year-to-date performance shows Coinbase up only 2.6%. The stock remains 37% below its summer peak. Current market capitalization stands at $49 billion.
ARK Adds Multiple Crypto Stocks
Beyond Coinbase, ARK purchased 42,434 shares of Bullish for $1.8 million. The crypto trading platform gained 5% during Tuesday’s session. This aligns with ARK’s strategy of building exposure to cryptocurrency-related companies.
The firm also added 1,951 Robinhood shares worth $245,000 to its Next Generation Internet ETF. Robinhood offers cryptocurrency trading alongside traditional stock and options trading. The purchase came as crypto markets showed recovery signs.
Bitcoin climbed above $91,000 on Tuesday after falling 7% the previous day. Ether rose 7% to reclaim the $3,000 level. The GMCI 30 index, tracking major cryptocurrencies, increased 6.2%.
Other crypto stocks posted gains as well. Strategy jumped 5.8% while Metaplanet rose 4.6%. BitMine led the sector with a 10.3% increase.
Roku Faces Second Day of ARK Selling
While accumulating crypto positions, ARK sold 181,303 Roku shares worth $17.5 million. This marked the second consecutive trading day of Roku sales. The streaming-device maker has seen reduced interest from the fund.
ARK continued selling Iridium Communications, offloading 234,298 shares for $3.85 million across several ETFs. This extends a multi-day selling pattern in the satellite-services provider. The firm also trimmed 43,182 shares of Ibotta, valued at $1.03 million.
Additional Portfolio Moves
ARK’s Autonomous Technology & Robotics ETF bought 250,089 WeRide shares for $2.13 million. The self-driving car company represents ARK’s ongoing interest in autonomous vehicle technology. The firm added 21,132 Shopify shares worth $3.15 million.
In the biotech sector, ARK purchased 337,495 shares of Recursion Pharmaceuticals for $1.47 million. ARK Invest maintains a policy of keeping individual holdings below 10% of any fund. The firm actively rebalances positions when stocks experience sharp price movements. These daily adjustments allow ARK to maintain its target allocations across technology, biotech, and fintech sectors.
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