ARK Invest has resumed buying shares of Coinbase after recently scaling back its holdings, purchasing about $15 million worth of stock across several of its actively managed ETFs on Friday.
The firm, led by Cathie Wood, acquired 66,545 Coinbase shares through the ARK Innovation ETF (ARKK), 16,832 shares via the ARK Next Generation Internet ETF (ARKW) and 9,477 shares through the ARK Fintech Innovation ETF (ARKF), according to its daily trade disclosures.
The purchases came as Coinbase stock rallied sharply. Shares ended the session at $164.32 — up roughly 16.4% on the day — before moving slightly higher in after-hours trading, based on data from Google Finance. In total, the buys amounted to approximately $15.2 million.
In addition to Coinbase, ARK increased its position in Roblox Corporation, adding shares across ARKK, ARKW and ARKF. Roblox closed near $63.17 on the New York Stock Exchange on Friday.
ARK trims Coinbase holdings across ETFs
ARK Invest reduced its exposure to Coinbase last week, offloading roughly $17.4 million worth of shares on Feb. 5 — its first sale of the year and the first cut since August 2025.
The firm followed up on Feb. 6 by selling an additional $22 million in Coinbase stock across multiple ETFs, while simultaneously boosting its position in digital-asset platform Bullish.
According to Cointelegraph, Coinbase was the largest detractor among several ARK ETFs in the fourth quarter of 2025, as a broader crypto market pullback weighed on returns. During the quarter, Coinbase shares declined more steeply than both Bitcoin and Ether.
Coinbase reports $667 million Q4 loss
Coinbase posted a net loss of $667 million in the fourth quarter of 2025, snapping an eight-quarter streak of profitability. Earnings per share came in at 66 cents, falling short of analysts’ expectations of 92 cents. Net revenue dropped 21.5% year over year to $1.78 billion.
Transaction revenue slid nearly 37% to $982.7 million, though subscription and services revenue rose more than 13% to $727.4 million.
The weaker performance aligned with a downturn in crypto markets. Coinbase said it generated $420 million in transaction revenue early in the first quarter but anticipates a decline in subscription and services revenue.
