Coinbase Global, Inc. (COIN) stock price experienced a significant increase following a major investment by Cathie Wood’s Ark Invest, who purchased $16.5 million worth of stock on November 26, 2025. The purchase comes as COIN rebounds from a 30% month-over-month drop, with the stock rising 4.27% during the trading session to close at $264.97.
This is Ark Invest’s largest acquisition of Coinbase shares since August 1, and signals strong confidence in the crypto exchange platform’s prospects as market conditions appear poised to improve. As of November 28, 2025, COIN is trading at $276.39, up $11.42 or 4.31%, reflecting continued momentum following Wood’s strategic investment.
Wood aims to recover COIN with timely $16.5 million purchase
Ark Invest distributed its $16.5 million investment across three exchange-traded funds: Ark Innovation ETF (ARKK), Next Generation Internet ETF (ARKW), and Blockchain & Fintech Innovation ETF (ARKF). This timing appears to have been strategically calculated, as COIN was rebounding from high timeframe support around $250 at the time it was purchased.
This represents a departure from Ark’s typical strategy of accumulating positions during market pullbacks, and suggests Wood sees immediate upside potential rather than waiting for further declines.
In a recent webinar, Cathie Wood expressed optimism about improving market conditions, noting that the liquidity tightening that has put pressure on the AI and crypto sectors over the past two months is expected to end. A recent report from Ark Invest highlighted that quantitative tightening (QT) will end on December 1st and monetary policy will turn supportive.
The firm estimates that $70 billion has already returned to the market since the end of the U.S. government shutdown, with an additional $300 billion expected to return over the next five to six weeks as the Treasury General Account normalizes.
COIN trades with high profit margins and $9.7 billion cash reserves
As of 10:02 AM EST on November 28, 2025, Coinbase stock was trading at $276.39, an increase of 4.31%, with a market cap of $74.058 billion. Despite recent volatility, the stock has shown resilience, with a 52-week range of $142.58 to $444.65.
Key financial metrics reveal a trailing P/E ratio of 22.90, a forward P/E ratio of 39.84, and a profit margin of an impressive 43.66%. The company’s most recent quarter had revenue of $1.87 billion and profit of $432.55 million, beating analyst expectations.
Coinbase’s financial strength is evident from its balance sheet, with total cash holdings of $9.77 billion and a relatively modest debt-to-equity ratio of 48.56%. The company generated net income of $3.22 billion in the trailing twelve months, or diluted earnings per share of $11.58.
Analyst sentiment remains mixed, with price targets ranging from $205 to $510, with an average target of $383.94, suggesting upside potential from current levels. However, Argus Research’s latest rating on November 25 downgraded the stock to ‘hold’, reflecting caution about the current valuation amid volatility in the crypto market.
Disclaimer: The author does not own or hold any securities discussed in the article. All stock prices are accurate at the time of writing.
