ARK Invest Buys $15M in Coinbase Shares After Recent Sales
ARK Invest resumed purchasing shares of Coinbase Global after recent sales, acquiring approximately $15.2 million of stock across several actively managed exchange-traded funds (ETFs) on Friday.
The firm led by Cathie Wood bought 66,545 Coinbase shares via the ARK Innovation ETF (ARKK), 16,832 shares via the Next Generation Internet ETF (ARKW) and 9,477 shares via the Fintech Innovation ETF (ARKF), according to its daily trading disclosures.
The buying coincided with a sharp advance in Coinbase’s share price. The stock closed at $164.32, up about 16.4% for the day, and edged higher in after-hours trading, according to Google Finance. Based on the closing price, the day’s purchases totaled roughly $15.2 million.
Alongside Coinbase, ARK also increased its position in Roblox Corporation across ARKK, ARKW and ARKF. Roblox closed near $63.17 on the New York Stock Exchange on Friday.
ARK trims Coinbase holdings across ETFs
Last week, ARK Invest reduced its Coinbase exposure, selling about $17.4 million worth of shares on Feb. 5, marking its first sale of the year and its first reduction since August 2025.
The asset manager then sold an additional $22 million of Coinbase stock across multiple ETFs on Feb. 6 while boosting its stake in digital-asset platform Bullish. In the fourth quarter of 2025, Coinbase was the largest detractor across several ARK Invest ETFs as a broader crypto market pullback weighed on performance. Coinbase shares declined more sharply than Bitcoin (BTC) and Ether (ETH) during the quarter.
Coinbase reports $667 million Q4 loss
Coinbase reported a net loss of $667 million for the fourth quarter of 2025, ending an eight-quarter streak of profitability. Earnings per share were 66 cents, below analyst expectations of 92 cents, while net revenue fell 21.5% year-over-year to $1.78 billion.
Transaction revenue declined nearly 37% to $982.7 million, whereas subscription and services revenue increased more than 13% to $727.4 million.
The softer results coincided with a downturn in crypto markets. Coinbase said it generated $420 million in transaction revenue early in Q1 but expects subscription and services revenue to decrease.
Stay informed, read the latest news right now!
Disclaimer
The content on TrustsCrypto.com is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, always do your own research before making decisions.
Some content may be assisted by AI and reviewed by our editorial team, but accuracy is not guaranteed. TrustsCrypto.com is not responsible for any losses resulting from the use of information provided.
