ARK Invest went back to buying Coinbase Global shares after cutting positions, adding about $15 million worth of shares to several of the company’s actively managed exchange-traded funds (ETFs) on Friday.
The Cathie Wood-led asset management firm purchased 66,545 shares of Coinbase through the ARK Innovation ETF (ARKK), 16,832 shares through the Next Generation Internet ETF (ARKW), and 9,477 shares through the FinTech Innovation ETF (ARKF), according to the company’s daily trading disclosure.
This buying activity coincided with a sharp rise in Coinbase stock. The stock closed at $164.32, up about 16.4% on the day, according to Google Finance data, but edged higher in after-hours trading. This increase brought the total acquisition price of the company to approximately $15.2 million.
Alongside Coinbase, ARK also increased its stake in Roblox Corporation and purchased stakes in ARKK, ARKW, and ARKF. Roblox closed Friday at around $63.17 on the New York Stock Exchange.
Related: Coinbase Announces Cryptocurrency Wallet Designed Exclusively for AI Agents
ARK cuts Coinbase stock across ETFs
Last week, ARK Invest reduced its exposure to Coinbase, selling approximately $17.4 million in Coinbase stock for the first time this year on February 5th, the first such reduction since August 2025.
The exchange then sold an additional $22 million worth of Coinbase stock across multiple ETFs on February 6, boosting its position in digital asset platform Bullish.
As reported by Cointelegraph, Coinbase became the biggest detractor across several of Cathie Wood’s ARK Invest ETFs in Q4 2025, as a broader crypto market pullback weighed on results. Coinbase’s stock price fell more than Bitcoin (BTC) and Ether (ETH) during the quarter.
Related: Coinbase bets on Backstreet Boys nostalgia in return for Super Bowl
Coinbase posts $667 million loss in fourth quarter
Coinbase reported a net loss of $667 million in the fourth quarter of 2025, ending eight consecutive quarters of profitable operations. Earnings per share were 66 cents, below analysts’ expectations of 92 cents, and net revenue was $1.78 billion, down 21.5% from a year ago. Transaction revenue fell nearly 37% to $982.7 million, while subscription and services revenue increased more than 13% to $727.4 million.
The slump in business performance coincided with a slump in the virtual currency market. Coinbase generated $420 million in trading revenue at the beginning of the first quarter, but said it expects subscription and services revenue to decline.
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