Ark Invest purchased an additional $8 million worth of Coinbase (COIN) stock on August 3, 2026, according to the asset manager’s daily trades. The purchases were spread across three ETFs: ARKF, ARKK, and ARKW. This brings Ark Invest’s total COIN holdings to $324.2 million, making it the 13th largest exposure. The acquisition came after Coinbase’s stock dropped nearly 8% following a Q2 2026 revenue miss. Despite competition from Robinhood and Hyperliquid, Ark Invest continues to bet on crypto infrastructure, also holding significant positions in Circle and Robinhood. Analysts have an overweight consensus rating on COIN with a target price of $215, implying a 46% upside from its current value of $146.
Ark Invest bought an additional $8 million worth of Coinbase (COIN) stock on August 3, according to the asset manager’s daily trades. The purchases included $716,300 from the ARKF fintech ETF, $5.7 million from the ARKK innovation ETF, and $1.6 million from the ARKW next-generation ETF.
The firm now holds COIN shares worth $324.2 million, ranking 13th with a 2.7% weight across its total exposure. Circle‘s CRCL holdings are estimated at $297 million, ranked 14th. Robinhood, Coinbase, and Circle remain the top crypto infrastructure exposures for Ark Invest.
The latest buy appeared aimed at maximizing last week’s discount window. COIN dropped nearly 8% last week after missing the revenue target for Q2 2026. The exchange reported total revenue of $1.22 billion in Q2, falling short of the analyst forecast of $1.284 billion. Revenue was a 14% and 19% drop on a quarterly and yearly basis. The stock fell 5% after the report and extended losses to 7.6% last week.
Some critics have claimed that Robinhood is increasingly eating away at Coinbase’s market share and could become a threat. Although Coinbase increased its spot crypto market share to a record 10% globally, Robinhood and Hyperliquid have become key venues for speculation and other financial services.
The stock is now down 68% from its 2025 peak of $444.65. The pullback has returned to a key support level at $140 that has been resilient in 2025 and 2026. Whether that support will prevent further downside risk remains to be seen.
Analysts appear bullish at COIN’s current valuation. About 18 analysts issued an overweight rating, led by Cantor Fitzgerald, Goldman Sachs, and Mizuho. The analyst consensus target is at $215, implying a 46% upside potential from COIN’s current value of $146.
Despite the cut-throat competition between Coinbase and Robinhood, Ark Invest is betting on both crypto infrastructure players. It increased its COIN exposure by $8 million earlier this week despite skepticism from critics.
