Cathie Wood Buys the Dips After COIN Stock Crashes 16% Following Q2 Report
The post Cathie Wood Buys the Dips After COIN Stock Crashes 16% Following Q2 Report appeared on BitcoinEthereumNews.com.
Coinbase (NASDAQ: COIN) stock price came crashing down by 16.7% on Friday on weak Q2 numbers as investor sentiment fades. However, Cathie Wood’s Ark Invest sees this as a buy-the-dips opportunity, scooping over 95K COIN stocks, worth more than $29 million. Following yesterday’s fall, the stock’s monthly gains have turned negative. Cathie Wood’s Ark Invest Buys During COIN Stock Crash The Coinbase stock has come under selling pressure following disappointing Q2. Despite the 16% crash on Friday, Ark Invest purchased nearly 95K shares across three portfolio funds – ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF). The COIN share price has come under selling pressure in the last two weeks, reversing from the highs of $420 in mid-July. Since then, the COIN stock has corrected by 25% closing at $314 levels after Friday’s trading session. Note that Cathie Wood was offloading her COIN holdings during the highs in mid-July. After the strong correction, Ark Invest finds a buying opportunity once again. This comes as part of the asset manager’s portfolio re-adjustment. As of now, Coinbase (COIN) remains the second-largest holding in Ark Invest portfolio after Tesla. Source: Ark Invest Coinbase Q2 Earnings Rattles Investors Coinbase Q2 earnings disappointed the Street, as the crypto exchange reported a total revenue of $1.5 billion, down 26% from the previous quarter. Transaction revenue saw the steepest decline, falling 39% quarter-over-quarter to $764 million due to reduced market volatility. Subscription and services revenue also dipped 6%, totaling $656 million for the quarter. This was enough to send the COIN stock crashing down. On the other hand, Coinbase rival Robinhood saw 45% surge in Q2 revenue this week. Looking into the finer details, Coinbase’s Q2 report shows some improvement as well. Coinbase’s stablecoin revenue rose 12% quarter-over-quarter to $332…
Filed under: News - @ August 2, 2025 11:24 am