ARK Invest Snaps Up $15M Coinbase Stock Post-Selloff
ARK Invest Reverses Course with Major Coinbase Purchase
Renowned investment firm ARK Invest, under the leadership of Cathie Wood, has made a significant move by acquiring approximately $15.2 million worth of Coinbase Global shares distributed across three of its key exchange-traded funds. This decision marks a notable shift just days after the firm had previously divested more than $39 million in the cryptocurrency exchange’s stock, signaling a renewed optimism in Coinbase’s future prospects.
The purchases were executed on Friday through ARK’s flagship funds: the ARK Innovation ETF (ARKK), which added 66,545 shares; the Next Generation Internet ETF (ARKW), which incorporated 16,832 shares; and the Fintech Innovation ETF (ARKF), which included 9,477 shares. These transactions were detailed in the company’s routine daily trade notifications, providing transparency into its active portfolio management strategies.
This buying spree aligned perfectly with a robust rally in Coinbase’s stock price. The shares concluded the regular trading day at $164.32, reflecting an impressive gain of around 16.4%. Even after the market closed, the stock continued to climb modestly in after-hours sessions, underscoring strong investor interest and momentum.
In tandem with its Coinbase investments, ARK Invest also bolstered its holdings in Roblox Corporation, another high-growth tech entity. The firm purchased additional Roblox shares via the same trio of ETFs—ARKK, ARKW, and ARKF. Roblox’s stock wrapped up Friday’s trading on the New York Stock Exchange at approximately $63.17, contributing to ARK’s diversified approach in innovative sectors.
Illustration of Coinbase shares experiencing a 16% increase during Friday’s trading session. Data sourced from market analytics platforms.
Recent Reductions in Coinbase Exposure by ARK
Only a short time earlier, ARK Invest had scaled back its substantial position in Coinbase. On February 5, the firm offloaded shares valued at about $17.4 million—the inaugural sale of Coinbase stock in 2026 and its first trim since August 2025. This move was part of a broader portfolio rebalancing effort amid fluctuating market conditions.
The very next day, February 6, ARK continued its divestment by selling an additional $22 million in Coinbase shares through multiple ETFs. Concurrently, it expanded its investment in Bullish, a platform dedicated to digital assets, highlighting a strategic pivot toward other promising avenues within the blockchain and crypto ecosystem.
During the final quarter of 2025, Coinbase emerged as a primary underperformer across several ARK Invest ETFs, as reported in performance analyses. A widespread correction in the cryptocurrency markets exerted downward pressure on returns. Notably, Coinbase’s share price declined more precipitously than those of leading digital currencies like Bitcoin and Ethereum over that period, amplifying the drag on ARK’s portfolios.
Coinbase’s Challenging Q4 Financial Performance
Compounding these market headwinds, Coinbase disclosed a substantial net loss of $667 million for the fourth quarter of 2025, halting an impressive streak of eight consecutive profitable quarters. Earnings per share registered at 66 cents, falling short of Wall Street analysts’ consensus forecast of 92 cents. Meanwhile, total net revenue contracted by 21.5% from the prior year, landing at $1.78 billion.
Transaction-based revenue, a core revenue stream for the exchange, plummeted by nearly 37% to $982.7 million. On a brighter note, revenue from subscriptions and other services grew by over 13%, reaching $727.4 million, which helped cushion the overall impact.
These underwhelming figures were closely tied to the prevailing slump in cryptocurrency valuations. Looking ahead, Coinbase indicated that it had already booked $420 million in transaction revenue during the early stages of the first quarter of 2026. However, management anticipates a potential dip in subscription and services revenue moving forward, reflecting ongoing volatility in user activity and market sentiment.
Despite these setbacks, ARK Invest’s latest accumulation of Coinbase shares suggests a long-term bullish outlook from Cathie Wood and her team. They appear to be betting on the exchange’s pivotal role in the maturing digital asset industry, even as short-term challenges persist. This back-and-forth trading pattern exemplifies ARK’s dynamic, conviction-driven investment philosophy, which often capitalizes on price dips to build positions in high-conviction names like Coinbase.
The cryptocurrency sector remains highly sensitive to macroeconomic factors, regulatory developments, and technological advancements. Coinbase, as one of the most prominent publicly traded crypto platforms, continues to serve as a barometer for broader industry health. Investors will be closely monitoring ARK’s next moves, alongside Coinbase’s ability to navigate earnings pressures and reignite growth trajectories.
