ARK Sells $17M Coinbase Stake, Buys $18M Bullish as Crypto Slides

Published at 2026-02-06 11:45:23

ARK Investment reduced its position in Coinbase by about $17 million and increased exposure to Bullish by roughly $18 million on Friday, a reshuffle that came as crypto markets turned sharply lower. Coinbase (COIN) plunged 13.34% to close at $146.12, tracking bitcoin's fall to around $60,000 — the weakest level since November 2024 — and amplifying declines across exchange-focused equities.

The trade reads as a tactical reallocation amid heightened volatility: it could be interpreted as a vote of confidence in Bullish or simply risk management as prices tumble. For investors, the simultaneous drop in COIN and bitcoin raises the odds of continued short-term swings in crypto-linked stocks; the longer-term impact will hinge on whether digital-asset prices stabilize and on ongoing regulatory developments.

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Morgan Stanley launched formal coverage of bitcoin miners, reclassifying some operations as infrastructure and rating CIFR and WULF as Buys while assigning a Sell to MARA. The move lifted CIFR and WULF shares as investors re-evaluated miner business models.

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Published at 2026-02-09 18:00:36

Ripple valued at $50B, joins world's top 10 unicorns

CBInsights now values Ripple Labs at over $50 billion, placing the blockchain payments firm among the world's top 10 most valuable unicorns just behind SHEIN. The milestone highlights Ripple's growing stature in crypto and fintech.

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Published at 2026-02-09 15:00:18

Michael Saylor's MicroStrategy Buys 1,142 BTC During Recent Crash

MicroStrategy acquired 1,142 bitcoins for about $90 million, averaging $78,815 per coin. The purchase was made at the onset of last week’s crypto market crash.

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Published at 2026-02-09 13:30:43

Citigroup Reiterates Buy on MicroStrategy Amid Aggressive Bitcoin Push

Citigroup reaffirmed its buy rating on MicroStrategy on Feb. 9, 2026, backing the firm’s continued Bitcoin accumulation despite billions in unrealized losses. The move signals ongoing institutional confidence in corporate Bitcoin treasuries.

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Published at 2026-02-09 13:15:43

Bitcoin, Stock Futures Rebound as Markets Steady After Tech Rout

Bitcoin held above $70,000 as crypto markets stabilized and U.S. stock futures rebounded; a CFTC oversight bill advanced in Congress and U.S. jobs data is due Wednesday.