On February 6, 2026, ARK, led by Cathie Wood, sold $17.4 million in Coinbase and bought $17.8 million in Bullish amidst a crypto stock downturn. Coinbase faced revenue challenges due to collapsing trading volumes, while Bitcoin dipped below $75,000. Despite market “extreme fear,” ARK continued its buying spree, investing heavily in crypto stocks, including Robinhood and Circle. Wood remains optimistic, predicting Bitcoin will reach $1.2 million by 2030, even with regulatory hurdles and market corrections. This strategy relies on the belief that current dips are temporary before crypto’s long-term uptrend resumes.
ARK Dumps $17M Coinbase, Loads Up on Bullish as Crypto Crashes
