Ark Invest Pumps Up Coinbase Bet Amid Revenue Miss

Cathie Wood's Ark Invest has been buying up shares of Coinbase (COIN), with its latest purchase bringing its total COIN holdings to over $324.2 million.

This represents a significant bet on the cryptocurrency exchange, despite its recent struggles, including missing revenue targets in Q2 2026 and experiencing a decline in market share due to competition from Robinhood and other exchanges.

According to Ark Invest's daily trades, the asset manager acquired an additional $8 million worth of COIN stock on August 3rd, bringing its total exposure to 13th place among its holdings, with a weight of 2.7% across its total exposure.

Analysts remain bullish on COIN, despite its recent decline in value, with some forecasting a potential upside of 46% from its current price of $146, based on the analyst consensus target of $215.