Coinbase stock has shown resilience amid recent sales by Ark Invest. Despite this, the crypto market is actively growing.
Ark Invest Sells Coinbase and Robinhood Shares
On July 10, 2025, Ark Invest sold over $6.5 million worth of Coinbase stock, offloading 16,627 shares. On the same day, 58,504 shares of Robinhood were sold, valued at approximately $5.8 million. These actions occurred amid a general rally in the crypto market, where Bitcoin surged 6.4% to reach a new all-time high of $118,856.
Coinbase Stock Gains Investor Attention
Coinbase shares previously hit $389.83, up 4%. Over the past week, COIN's price increased by 11%, and over the month, it rose by 55%. Noted crypto analyst Ali Martinez projected a price target of $2,000 for Coinbase shares, based on a rare bullish pattern on the COIN chart.
Crypto Stocks Surge Amid Bitcoin ATH
Crypto-related stocks also showed gains in pre-market trading following Bitcoin's new all-time high. Strategy (MSTR) shares rose by 3%, while Robinhood (HOOD) saw a 4.4% increase. Meanwhile, shares of crypto mining companies, including MARA Holdings and Riot Platforms, also experienced significant rallies.
Despite Ark Invest's sell-offs, Coinbase and other crypto stocks remain in demand due to favorable conditions in the broader crypto market.
