- Ark Invest purchased approximately $15.2 million worth of Coinbase shares across several ETFs on Friday, following a week of trimming its position.
- The buying activity coincided with a sharp 16.4% surge in Coinbase stock, closing at $164.32.
- Coinbase recently reported a fourth-quarter net loss of $667 million, breaking an eight-quarter profitability streak.
Investment firm ARK Invest resumed buying shares of Coinbase Global on Friday, acquiring approximately $15.2 million worth of stock across its flagship ETFs after a week of reductions. The move coincided with a significant 16.4% price surge for the cryptocurrency exchange’s shares, which closed at $164.32, according to market data.
The purchases marked a reversal from the previous week, when ARK sold about $17.4 million in Coinbase stock on February 5 and another $22 million on February 6. Consequently, this recent buying activity represents a renewed vote of confidence in the exchange amid volatile market conditions.
However, Coinbase’s financial performance has faced headwinds, reporting a net loss of $667 million for the fourth quarter of 2025. This ended eight consecutive quarters of profitability, with transaction revenue falling nearly 37% year-over-year to $982.7 million. The weaker results were attributed to a broader downturn in crypto markets during the period.
Meanwhile, alongside Coinbase, ARK Invest also increased its stake in Roblox Corporation. The asset manager’s trading activity continues to draw significant attention from investors tracking its moves in the technology and cryptocurrency sectors.
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