ARK Invest has resumed buying shares of Coinbase Global, acquiring approximately $15.2 million worth of stock across several of its actively managed ETFs on Friday. This purchase follows a recent period of selling by the Cathie Wood-led firm. The buying activity coincided with a sharp 16.4% surge in Coinbase’s share price, closing the session at $164.32.
ARK Invest purchased 66,545 Coinbase shares through its ARK Innovation ETF (ARKK), alongside smaller purchases in its Next Generation Internet and Fintech Innovation ETFs. The firm’s roughly $15.2 million acquisition occurred as Coinbase stock rose sharply, closing at $164.32 according to data from Google Finance.
The asset manager also increased its stake in Roblox Corporation on the same day. This buying activity represents a reversal from the prior week, when ARK reduced its exposure to the cryptocurrency exchange.
Last week, ARK sold about $17.4 million in Coinbase stock for the first time this year. It then sold another $22 million worth of shares across several ETFs on February 6 while increasing its position in digital-asset platform Bullish.
Coinbase became the top detractor across several ARK Invest ETFs in the fourth quarter of 2025. Shares of Coinbase fell more sharply than both Bitcoin and Ether during a broader crypto market pullback that pressured performance.
The exchange reported a net loss of $667 million for Q4 2025, ending an eight-quarter run of profitability. Its earnings per share missed analyst expectations while net revenue fell 21.5% year-over-year to $1.78 billion.
Transaction revenue dropped nearly 37% to $982.7 million, although subscription revenue rose. Coinbase stated it generated $420 million in transaction revenue early in Q1 but expects subscription revenue to decline.
