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6Institutional TransitionProgressed· since 2026-06-26Jun 28, 2026

Coinbase and Circle Stocks Down 69–72% From Highs, Deeply Underperforming Big Tech

Coinbase and Circle shares had declined 69% and 72% respectively from their all-time highs, sharply underperforming large-cap technology stocks. Circle separately faced three concurrent business risks identified by analysts, adding to pressure on the stablecoin issuer's publicly listed equity.

Drawdown figures for Coinbase and Circle now confirmed at 69% and 72% respectively from peaks, with the underperformance versus Big Tech quantified.

Story timeline · 6 days

  1. Jun 30, 20267
    Ark Invest Loads Up on Coinbase, Circle, Bullish, and Robinhood Shares

    Ark continued purchases of the same equities on June 30, with a disclosed $10.19M additional Coinbase position.

  2. Jun 29, 20267
    ARK Invest Continues Buying Coinbase, Circle, and Crypto-Adjacent Equities

    ARK also purchased COIN, CRCL, and BLSH shares today, adding to the series of disclosed institutional buys during the price decline.

  3. Jun 28, 20266· this story
    Coinbase and Circle Stocks Down 69–72% From Highs, Deeply Underperforming Big Tech

    Drawdown figures for Coinbase and Circle now confirmed at 69% and 72% respectively from peaks, with the underperformance versus Big Tech quantified.

  4. Jun 28, 20264
    ARK Invest Adds $10.19M Coinbase Position After Price Decline

    ARK Invest's Coinbase purchase quantified at $10.19 million, extending prior reporting on the firm buying Coinbase, Circle, Robinhood, and Bullish during the crypto stock decline.

  5. Jun 27, 20266
    Ark Invest Buys Coinbase, Circle, Robinhood, and Bullish on Weakness

    Purchase confirmed across Coinbase, Circle, Robinhood, and Bullish; repeated from prior day with same entities confirmed.

  6. Jun 26, 20267
    Ark Invest Buys Coinbase, Circle, Robinhood, and Bullish Shares During Crypto Stock Declines

Sources · 3