Ark Invest resumes Coinbase purchases with $6.9 million buy after recent sales
Cathie Wood Ark Invest acquired 41,453 Coinbase shares worth about $6.9 million, reversing course after trimming position earlier this month. Purchase comes as exchange stock rebounds.
Shares were allocated across three ETFs: ARKK bought 29,689 shares worth $4.9 million, ARKW added 7,525 shares valued at $1.2 million, and ARKF purchased 4,239 shares worth $704,000, writes The Block.
In early February, Ark sold 119,236 Coinbase shares for roughly $17.4 million amid a broader decline in crypto related equities. During that period, firm reallocated capital, including increasing exposure to crypto exchange Bullish.
Coinbase among key holdings
According to latest disclosures, Coinbase ranks as seventh largest holding in ARKK with 4% weighting, valued at about $251.5 million. In ARKW, stock accounts for 3.7% or $57.4 million, while in ARKF it represents 5.6% or $44.6 million, making it third largest position in that fund.Cathie Wood's investment strategy caps individual holdings at around 10% of portfolio, prompting periodic rebalancing as market movements shift weightings.
Earnings reaction and stock performance
New purchases followed release of Coinbase fourth quarter 2025 results. Company reported $1.8 bln in revenue, down 5% quarter over quarter, and posted net loss of $667 million. Loss was driven primarily by $718 million in unrealized losses on crypto portfolio and $395 million in losses on strategic investments.Despite results, Bernstein analysts maintained outperform rating with $440 price target, implying significant upside from mid February levels.
Coinbase shares closed at $166.02 on Tuesday, up 1% on dover thend 8.4% over past five trading sessions. However, stock remains down 28% year to date and 56% below all time high.
We previously wrote that Ark Invest buys cryptocurrencies that have fallen in price.
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