Coinbase Position Trimmed by ARK Invest as Bitcoin Rally Fuels Profit-Taking

On February 6, 2026, Cathie Wood's ARK Invest executed a notable portfolio rebalancing, capitalizing on the strong momentum in cryptocurrency-related assets. The firm sold approximately $19.6 million worth of Coinbase (COIN) shares. This decision followed a significant 13% single-day rally in COIN's stock price, which was itself propelled by Bitcoin's surge past the $60,000 threshold. The MOVE represents a continuation of ARK's strategy to gradually reduce its exposure to the leading cryptocurrency exchange, suggesting a tactical profit-taking approach amid the crypto market's upward shift. Concurrently, ARK pivoted a portion of these proceeds toward the traditional tech sector, initiating a new position in Alphabet (GOOGL) with an acquisition worth around $10.4 million. This trade highlights the dynamic asset allocation strategies employed by major investment firms in response to rapid market movements. It underscores a moment where the explosive growth in crypto assets creates opportunities for portfolio re-optimization, even for historically bullish firms like ARK. The action reflects a nuanced view: maintaining conviction in the digital asset ecosystem while tactically managing position sizes and diversifying into other high-growth technology segments. For market observers, this signals that even the strongest proponents of crypto are actively managing risk and reward, using volatility as a tool for portfolio construction rather than a simple buy-and-hold signal. The broader context remains bullish for digital assets, with Bitcoin's price strength being the primary catalyst for the exchange's stock performance, yet it also reminds investors that strategic rebalancing is a core component of professional asset management in this volatile space.

ARK Invest Rebalances Portfolio: Trims Coinbase, Adds Alphabet Amid Market Shifts

Cathie Wood's ARK Invest executed strategic trades on February 6, 2026, capitalizing on recent market movements. The firm sold $19.6 million worth of Coinbase (COIN) shares following a 13% single-day rally, continuing its gradual reduction in the crypto exchange position. Bitcoin's surge past $60,000 had fueled COIN's upward momentum.

ARK pivoted to tech giant Alphabet (GOOGL), acquiring $10.4 million in shares during a 2.5% dip caused by capital expenditure concerns. The move signals Wood's confidence in the search giant's long-term prospects despite short-term market reactions.

The investment firm simultaneously expanded its crypto footprint through a $9.8 million purchase of Bullish shares, reinforcing its commitment to digital asset infrastructure. Biotech exposure grew with a $2.2 million position in Recursion Pharmaceuticals, while ARK continued unwinding its Roku stake with a $12.2 million sale.

Cathie Wood's ARK Invest Buys Alphabet Dip, Trims Crypto Exposure

ARK Invest founder Cathie Wood deployed $10.4 million into Alphabet shares following a 2.5% decline, signaling conviction in the tech giant's AI and cloud computing roadmap. The purchase came despite market concerns over elevated capital expenditures, with Alphabet guiding toward $180 billion in 2026 infrastructure spending.

Meanwhile, ARK reduced positions in crypto exchange Coinbase after a 13% rally, alongside cuts to streaming platform Roku. The moves highlight Wood's trademark contrarian strategy—accumulating growth assets during pullbacks while taking profits on recent outperformers.

Alphabet's fundamentals remain robust, with Q4 revenue climbing 18% year-over-year as cloud revenue surged 48%. Wall Street responded with price target increases, including twin upgrades to $395 from Piper Sandler and JPMorgan.

Bitcoin Bounces Back: Is a Bull Market Brewing?

Bitcoin has staged a short-term recovery after a brutal sell-off that saw the cryptocurrency drop nearly 30% to test the $60,000 level. The rebound, now pushing prices back toward $70,000, coincides with a resurgence in U.S. investor demand—marked by a flip in Coinbase Premium from negative to positive territory.

Analysts interpret the premium shift as a signal that American traders are returning to the market, though caution remains. "This isn't yet the full bull market reload," notes CryptoQuant's Julio Moreno, pointing to lingering macroeconomic risks. The move highlights Bitcoin's resilience at key psychological support levels, even as broader market conviction remains fragmented.