ARK Invest is back to buying shares of Coinbase Global after reducing its position, adding about $15 million worth of the stock to its actively managed exchange-traded funds (ETFs) on Friday.
The Kathy Wood-led asset manager bought 66,545 Coinbase shares 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 firm’s daily trading disclosure.
The buying activity coincided with a sharp rise in Coinbase stock. Shares closed the trading session at $164.32, up about 16.4% on the day, before hitting higher levels in after-hours trading, according to data from Google Finance. The increase brought the firm’s total purchase to approximately $15.2 million.
Along with Coinbase, ARK also increased its stake in Roblox Corporation, buying stakes in ARKK, ARKW and ARKF. Roblox closed Friday near $63.17 on the New York Stock Exchange.
Related: Coinbase unveils crypto wallet designed specifically for AI agents.
ARK reduces Coinbase’s stake in all ETFs.
Last week, ARK Invest reduced its exposure to Coinbase, selling about $17.4 million in Coinbase stock for the first time this year on Feb. 5 and its first decrease since August 2025.
The exchange then sold another $22 million worth of Coinbase shares across several ETFs on February 6, boosting its position in digital asset platform Bullish.
As Cointelegraph reported, Coinbase became the top detractor in several of Cathie Wood’s ARK Invest ETFs in the fourth quarter of 2025, as a broader crypto market pullback weighed on performance. Coinbase shares fell faster than both Bitcoin (BTC) and Ether (ETH) during the quarter.
Related: Coinbase Bets on Backstreet Boys Nostalgia for Super Bowl
Coinbase posts $667 million Q4 loss
Coinbase reported a net loss of $667 million in the fourth quarter of 2025, ending an eight-quarter run of profits. Earnings per share came in at 66 cents, missing analysts’ expectations of 92 cents, while net income fell 21.5 percent year over year to $1.78 billion. Transaction revenue fell nearly 37% to $982.7 million, although subscription and services revenue rose more than 13% to $727.4 million.
The weak results coincided with bearishness in crypto markets. Coinbase said it generated $420 million in revenue from transactions in early Q1 but expects a decline in subscription and services revenue.
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