Cathie Wood’s ARK Invest moved back into Coinbase Global shares at the end of the week after recently trimming exposure across several exchange-traded funds. The asset manager accumulated stock across its flagship ARK Innovation, Next Generation Internet, and Fintech Innovation funds in a coordinated buying move. ARK purchased 66,545 shares through ARKK, added 16,832 through ARKW, and picked up 9,477 more via ARKF according to daily trade disclosures released by the firm. The combined transaction represented roughly $15 million in additional exposure to the cryptocurrency exchange operator. Coinbase shares jumped sharply the same day, closing at $164.32 after rising about 16.4% before gaining modestly again in extended trading. The rebound coincided with improving investor sentiment following recent volatility in digital asset markets and renewed interest in technology-linked equities. Alongside Coinbase, ARK also increased its holdings in Roblox Corporation across the same group of funds as part of broader portfolio adjustments. Reversal After Recent Reductions The new accumulation came shortly after ARK reduced its Coinbase exposure earlier in February. The firm sold around $17.4 million worth of shares on February 5, marking its first reduction of the year and its first since August 2025. Another $22 million in Coinbase stock was sold the following day as the manager rotated funds toward the digital-asset platform Bullish. Coinbase had previously weighed heavily on ARK performance during the fourth quarter of 2025 amid a wider cryptocurrency downturn. During that period the exchange’s shares declined more sharply than both Bitcoin and Ether as market trading activity weakened. The renewed buying suggests ARK views the recent sell-off as a valuation opportunity rather than a structural shift in the company’s prospects. Earnings Pressure And Market Conditions Coinbase recently reported a fourth-quarter net loss of $667 million, ending eight consecutive profitable quarters. Earnings per share came in at 66 cents compared with 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, reflecting weaker trading volumes during a softer crypto market environment. Subscription and services revenue, however, rose more than 13% to $727.4 million as recurring product demand partially offset trading weakness. The company generated $420 million in transaction revenue early in the first quarter but warned subscription and services revenue could decline. The mixed outlook highlights how sensitive crypto exchanges remain to broader digital asset sentiment cycles.
