ARK Invest, led by Cathie Wood, has sold $5.2 million worth of Coinbase (COIN) shares while purchasing $1.7 million in Bitfarms (BITF) stock, according to recent filings. The firm offloaded 36,804 COIN shares via its ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW), reducing its Coinbase holdings to 4.87 million shares. Simultaneously, ARK added 1.5 million BITF shares to its ARKW fund. This rebalancing follows Bitcoin's recent price surge above $50,000, with analysts noting ARK's history of adjusting crypto-related positions during market rallies. Bitfarms shares rose 5% post-purchase, while Coinbase stock dipped slightly.