ARK Invest has returned to buying shares of Coinbase, purchasing roughly $15 million worth of stock just days after trimming its position in the crypto exchange. The investment firm led by Cathie Wood acquired 66,545 shares through the ARK Innovation ETF (ARKK), 16,832 shares via the Next Generation Internet ETF (ARKW), and 9,477 shares through the Fintech Innovation ETF (ARKF), according to its latest daily trading disclosures. The move coincided with a sharp rally in Coinbase shares , which closed at $164.32, up 16.4% in a single session, before extending gains in after-hours trading. In total, the purchases amounted to approximately $15.2 million. In addition to Coinbase, ARK also increased its stake in Roblox Corporation, buying shares across the same three ETFs. Roblox closed near $63.17 on the New York Stock Exchange on Friday. ARK Reverses Course After $39 Million in Sales The buying spree comes shortly after ARK reduced its Coinbase exposure. On February 5, the firm sold about $17.4 million worth of shares – its first reduction this year and its first since August 2025. A day later, it offloaded another $22 million through multiple ETFs while increasing its position in digital asset platform Bullish. Coinbase was a key drag on performance for several ARK ETFs in Q4 2025 as broader crypto markets weakened. During the quarter, Coinbase shares declined more steeply than both Bitcoin and Ethereum. Coinbase Reports $667 Million Quarterly Loss The company 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, missing analysts’ expectations of 92 cents, while net revenue fell 21.5% year-over-year to $1.78 billion. Transaction revenue dropped nearly 37% to $982.7 million. Subscription and services revenue, however, rose more than 13% to $727.4 million. Coinbase said it generated $420 million in transaction revenue at the start of the first quarter but expects subscription and services revenue to decline. A Pattern of Buying During Weakness ARK Invest’s latest move reflects a familiar strategy. The firm has historically added to high-conviction technology positions during periods of volatility, viewing short-term operational pressure as a long-term opportunity. The timing is notable. The purchases aligned not only with a strong one-day rally in Coinbase shares but also with signs of stabilization in crypto markets after January’s downturn. By spreading the purchases across three thematic ETFs, ARK may also be managing exposure while maintaining conviction in the sector. Whether this marks the start of a sustained rebuilding phase, or a tactical trade around volatility will likely depend on the direction of crypto markets in the coming weeks.
