 ▲ Coinbase/Source: @_Crypto_Barbie Twitter |
Global asset manager ARK Invest has resumed its aggressive investment strategy by making a large purchase of Coinbase shares despite ongoing volatility in the cryptocurrency market.
According to a February 14 report by Cointelegraph, ARK Invest, led by CEO Cathie Wood, purchased approximately $15.2 million worth of Coinbase stock last Friday through three actively managed exchange-traded funds (ETFs). The move reverses its recent decision to reduce exposure by selling about $39 million worth of shares just days earlier, suggesting that ARK Invest has shifted back to a bullish outlook on Coinbase.
In detail, the ARK Innovation ETF (ARKK) acquired 66,545 shares, while the ARK Next Generation Internet ETF (ARKW) and the ARK Fintech Innovation ETF (ARKF) added 16,832 and 9,477 shares, respectively. The purchases were made as Coinbase shares surged approximately 16.4% day-over-day to close at $164.32. In addition to Coinbase, ARK Invest also bought shares of Roblox Corporation.
Previously, ARK Invest had sold approximately $17.4 million worth of Coinbase shares on February 5, followed by an additional $22 million sale on February 6. The sell-off was interpreted as a response to Coinbase’s disappointing performance in the fourth quarter of 2025, when it reported a net loss of $667 million amid an overall downturn in the cryptocurrency market. After eight consecutive profitable quarters, Coinbase posted transaction revenue of $982.7 million, marking a roughly 37% year-over-year decline and falling short of analysts’ expectations.
Despite the short-term earnings setback, Wood appears to have seized what she views as a buying opportunity based on the long-term growth potential of the digital asset market. Positive factors include Coinbase’s launch of a crypto wallet designed specifically for AI agents and its diversification efforts, with revenue from payments and subscription services rising more than 13% year-over-year to $727.4 million.
ARK Invest’s aggressive return is interpreted as a sign of confidence in Coinbase’s future performance recovery. Coinbase has also sought to ease market concerns by stating that it generated approximately $420 million in transaction revenue in early Q1 2026. Global investors are closely watching how such buying activity by a major asset manager will influence crypto exchange stocks and overall market sentiment.
Disclaimer: This article is provided for informational purposes only and we are not responsible for any investment losses resulting from decisions based on this content.