- Ark Invest bought $2.44 million in Coinbase shares as the stock fell 9.69%.
- The firm sold $2.27 million in Bullish shares and $2.28 million in Bitmine shares.
- Ark added $45.9 million in Nvidia shares and $19.8 million in AMD shares.
Ark Invest, led by Cathie Wood, added shares of Coinbase while the U.S. Stock market fell hard. Ark Invest bought $2.44 million of Coinbase shares even though Coinbase stock dropped ten percent.
The latest trading report shows Ark Invest bought 17,806 Coinbase shares via its Ark Innovation ETF on Thursday. At the time Ark Invest sold 109,522 Bullish shares worth $2.27 million and 119,841 Bitmine shares worth $2.28 million, through its ETFs.
THE BLOCK: Cathie Wood’s Ark Invest bought $2.44 million worth of Coinbase $COIN on Thursday as the stock plunged 9.69%.
The firm sold 109,522 shares of Bullish, worth $2.27 million, and 119,841 Bitmine shares, worth $2.28 million. Both $BLSH and $BMNR fell more than 10%. https://t.co/Po3I1lzYQY
— The Block (@TheBlockCo) November 6, 2026
These trades happened while a wide market decline wiped out gains after the election and pushed technology stocks, crypto stocks and digital assets down.
Coinbase Falls As Wall Street Faces Sharp Sell-off
Coinbase shares fell 9.69%. Closed at $136.82 on Thursday. Bullish dropped 10.46%. Bitmine lost 12.56%.
The Nasdaq Composite plunged 5.52% the one-day drop since April 2025 according to CNN. The S&P 500 slid 4.36%. The Dow Jones Industrial Average dropped 3.44%.
The market downturn also affected artificial intelligence stocks. Nvidia shares fell 9.26% wiping out their gains for the year. Advanced Micro Devices or AMD plunged 17.26%. SpaceX shares declined by 9%.
With all the losses Ark Investment Management kept buying. It added $45.9 million worth of Nvidia shares $19.8 million in AMD shares and $48.7 million, in SpaceX shares.
Bitcoin & Ethereum Extend Crypto Market Losses
The market decline continued into cryptocurrencies, with Bitcoin dropping 5.8% in 24 hours to $75,908 as of 11:20 p.m. ET on Thursday. The coin had previously reached a low near $75,350. Ethereum also dropped 8.2% to $2,234 based on The Block’s crypto price data.
Asian markets also declined on Friday. South Korea’s Kospi fell 3.6% around noon after dropping 9% earlier, prompting a brief trading pause. Japan’s Nikkei 225 dropped 5.3% during the morning session.
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