ARK Invest returned to buying Coinbase Global shares after adjusting its position, adding shares of several actively managed ETFs worth about $15 million on Friday.
The asset manager, led by Cathie Wood, acquired 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 disclosures.
The buying activity coincided with a surge in Coinbase shares. The stock closed at $164.32, up about 16.4% on the day, before rising in after-hours trading. According to to data from Google Finance. The surge brought the company’s total purchases to approximately $15.2 million.
In addition to Coinbase, ARK also increased its stake in Roblox Corporation by purchasing shares in ARKK, ARKW, and ARKF. On Friday, Roblox closed on the New York Stock Exchange at around $63.17.
Related: Coinbase introduces cryptocurrency wallets designed specifically for AI agents
ARK Cuts Coinbase’s Holding of All ETFs
Last week, ARK Invest reduced its exposure to Coinbase, selling approximately $17.4 million worth of Coinbase shares on February 5, for the first time this year and for the first time since August 2025.
The exchange then sold another $22 million worth of Coinbase shares in several ETFs on February 6, while also increasing its position on digital asset platform Bullish.
As Cointelegraph reports, Coinbase became a major critic of several of Cathie Wood’s ARK Invest ETFs in the fourth quarter of 2025 as the broader cryptocurrency market slowdown put pressure on performance. Coinbase shares have fallen more sharply this quarter than both Bitcoin (BTC) and Ether (ETH).
Related: Coinbase is betting on Backstreet Boys nostalgia for Super Bowl return
Coinbase reports a loss of $667 million in the fourth quarter
Coinbase reported a net loss of $667 million in the fourth quarter of 2025, ending an eight-quarter run of profitability. Earnings per share were 66 cents, beating analyst expectations of 92 cents, while net revenue fell 21.5% year-over-year to $1.78 billion. Transaction revenue fell nearly 37% to $982.7 million, although subscription and services revenue increased more than 13% to $727.4 million.
The weaker results coincided with a downturn in the cryptocurrency markets. Coinbase said it generated $420 million in transaction revenue at the start of the first quarter, but expects revenue from subscriptions and services to decline.
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