Ark Invest, led by Cathie Wood, purchased $2.44 million worth of Coinbase stock on Thursday as the exchange's shares dropped 9.69%. The move signals continued institutional interest in crypto-linked equities despite short-term price volatility. In parallel, Ark sold 109,522 Bullish shares valued at approximately $2.27 million and 119,841 Bitmine shares worth roughly $2.28 million. Both stocks declined more than 10% during the same trading session.