The crypto market’s throwing a party, but then, Ark Invest decides to quietly cash out some Coinbase and Robinhood shares.
You’d think that’d shake things up, right? Wrong. Coinbase stock barely flinched, holding steady and even climbing a bit. This, my friends, is resilience with a capital R.
The market is on fire
On July 10, 2025, Ark Invest offloaded over $12 million worth of Coinbase and Robinhood stock.
They sold 16,627 Coinbase shares, worth about $6.5 million, and 58,504 Robinhood shares, roughly $5.8 million.
Even Block Inc. wasn’t spared, with 24,780 shares sold for around $1.7 million. Now, this might look like a retreat, but the crypto market was on fire, and didn’t give a f*ck.
Bitcoin surged 6.4%, hitting a fresh all-time high near $119,000. Ethereum followed suit, jumping 8.5% and flirting with the $3,000 level.
So why sell now? Some say Ark’s just taking profits, so it’s smart move, right? Others suspect they’re bracing for some short-term volatility.
Either way, Coinbase’s stock shrugged it off, rising over 1.3% in pre-market trading, even after peaking near $395 earlier in the day. Over the past month, COIN’s up more than 55%.
Crypto exposure
And it’s not just Coinbase catching the spotlight. Crypto stocks like Strategy, Riot Platforms, Circle Internet Group, and Robinhood all got a nice lift amid the crypto rally.
Strategy, the biggest corporate Bitcoin holder, saw its stock climb to about $421, gaining 3% in pre-market action.
Riot and Circle also posted nice gains, while mining firms Mara Holdings and Riot Platforms rallied nearly 3%. A couple of miners like Cipher Mining and Bit Digital took a slight dip, but hey, you can’t win ‘em all.
What’s fueling this excitement? Institutional interest is booming. Spot Bitcoin ETFs recorded $1.18 billion in daily inflows on July 10, and that’s the second-largest ever.
Ethereum ETFs pulled in a cool $383 million the same day. Investors are clearly hungry for crypto exposure.
$2,000 for Coinbase stock?
Adding fuel to the fire, Coinbase announced that Sequans Communication is launching a Bitcoin Treasury strategy on its platform.
Plus, Coinbase is gearing up to release its Q2 FY25 earnings on July 31. These developments keep the market’s eyes glued on COIN.
Popular crypto analyst Ali Martinez even forecasted a price target of $2,000 for Coinbase stock, citing a rare bullish chart pattern signaling big moves ahead.
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