ARK Invest Buys $15.2M in Coinbase Shares
ARK Invest has continued its accumulation of Coinbase (COIN) stock, recently purchasing approximately $15.2 million worth of shares across its ARKK, ARKW, and ARKF funds. Another report noted a separate purchase of 93,000 COIN shares. This follows a strong 2025 for the firm's flagship ARK Innovation ETF (ARKK), which gained 35.49% for the year.
- This purchase marks a sharp reversal from the preceding week, when ARK Invest sold off approximately $39.4 million worth of Coinbase shares on February 5th and 6th. - The investment coincided with a rally in Coinbase's stock, which surged roughly 16.4% on the day of ARK's purchase. - This active trading follows Coinbase's fourth-quarter 2025 earnings report, which revealed a net loss of $667 million, breaking an eight-quarter streak of profitability. - Despite the quarterly loss, Coinbase's total revenue for the full year 2025 increased 9% year-over-year to $7.2 billion, largely driven by a 23% rise in subscription and services revenue. - ARK's recent trading activity suggests a rebalancing within its crypto-related holdings, as the firm simultaneously increased its position in the digital asset platform Bullish while selling some Coinbase shares. - ARK Invest founder Cathie Wood has publicly voiced strong support for the company, stating that Coinbase is "executing brilliantly" and is the "most compliant exchange out there" from a regulatory standpoint. - Analyst price targets for Coinbase stock remain varied; in February 2026, after the earnings report, analysts at major banks like UBS and Deutsche Bank maintained bullish price targets significantly above the stock's trading price at the time.
