Cathie Wood’s Daring COIN Fling: Will She Regret It?

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As the Coinbase share price plummeted below $150—like a startled cat diving off a bookshelf—the daring Dame of Disruptive Investing, Cathie Wood, decided it was the perfect moment to snap up some discounted shares. In a Monday adventure worthy of a satirical novel, her famed Ark Invest snatched a whopping 84,514 COIN shares (totaling a dainty $13.3 million). Ever since the dawn of that mystical realm called 2025, COIN has tumbled nearly 38.8%, gliding from an elegant $250 down into the $160 depths. 😱

Cathie Wood’s Ark Invest On Coinbase Buying Spree

Loyal scribes of ARK Invest shared the juicy gossip that turned heads across the markets: the ARK Next Generation Internet ETF (ARKW) heroically scooped up 64,806 COIN shares, worth roughly $10.2 million. Meanwhile, the ARK Fintech Innovation ETF (ARKF) glided into the scene with its own purchase of 19,708 shares, an easy $3.1 million—no big deal, right? 😏

With Monday’s fervent buying, Coinbase now commands a hefty 5.92% of ARKW’s portfolio, gently crowning it as the fund’s fourth-largest holding. Over in ARKF, however, it flexes some extra muscle, grabbing a 7.65% share of the pie and settling in comfortably as the second-largest holding. 🤯

Just last week, COIN’s share price stumbled by 10% during a market shake-up that some folks blame on a certain “Trump trade war.” Yet, in a twist worth raising an eyebrow at, following the latest Ark escapade, the stock recovered a modest 2%—landing around $159.40. 🎉

Cathie Wood—seemingly fueled by coffee, optimism, and maybe a pinch of black magic—resumed her COIN conquests last month, ignoring the market calamities since this year’s fateful beginning. Ark Invest has gallivanted into modern darlings such as Coinbase, Robinhood, and Tesla, forging a reputation for investing in the next big thing. While it occasionally feels like reading a whimsical alchemist’s recipe book, Wood’s strategy has earned lofty returns for Ark’s faithful investors. 🧐

Where’s COIN Price Heading Next?

With fear and trembling seeping through the hallowed halls of Wall Street, the COIN price currently dawdles around $160. Analysts, rather like squabbling cats, can’t agree on where it might slink off to next. One resident predictor, Ali Martinez, has declared that COIN has broken free from its channel pattern, potentially tumbling to a dramatic $100—and wardrobe malfunctions, presumably, are free of charge. 😈

Coinbase $COIN is heading to $100 after breaking out of a channel!

— Ali (@ali_charts) April 6, 2025

Others, meanwhile, predict a different kind of show—if Ark and other titans keep defending the $145 line in the proverbial sand, the price may dust itself off and cheerily waltz back toward $200 and beyond. 😌

On a side note, Brian Armstrong, the brave Chairman and CEO of Coinbase Global Inc. (NASDAQ: COIN), recently decided to lighten his share load by 14,000—fetching a cool $2.5 million in the process. The shares changed hands on April 3 at around $168-$169 per share, all according to a Rule 10b5-1 plan from August 2024. Some folks might call it prudent; others might raise eyebrows and say, “Well, that’s a bit dramatic.” But hey, who among us can resist a little action in the marketplace? 🤔

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2025-04-08 14:03