Ark Invest Buys $6.9 Million Worth of Coinbase Shares to Reverse Earlier Sell-off, Closing Out May Reduction Operation

BlockBeats News, February 18th: According to the latest disclosure documents, Ark Invest, led by Cathie Wood, bought 41,453 shares of Coinbase (COIN) on Tuesday, with a total value of approximately $6.9 million, reversing the previous trend of selling earlier this month.

Specifically, Ark's three ETFs bought:

ARKK bought 29,689 shares (approximately $4.9 million);
ARKW bought 7,525 shares (approximately $1.2 million);
ARKF bought 4,239 shares (approximately $704,000).

Previously, on February 5th to 6th, Ark had sold a total of 119,236 shares of Coinbase stock, worth approximately $17.4 million, as cryptocurrency-related stocks experienced a general pullback. During this period, Ark redirected some funds to the crypto exchange platform Bullish and consistently increased its position for over ten trading days.

According to the disclosure, as of February 18th, Coinbase is the seventh-largest holding for ARKK and ARKW, with weights of 4% and 3.7%, respectively; and the third-largest holding for ARKF, with a weight of 5.6%.

On the fundamental side, Coinbase reported $1.8 billion in revenue for Q4 2025, a 5% decrease from the previous quarter, with a net loss of $667 million, mainly due to $718 million in unrealized losses from the cryptocurrency investment portfolio and $395 million in losses from strategic investments.

In terms of stock price, Coinbase closed up 1% at $166.02 on Tuesday, with a cumulative increase of 8.4% over the past five trading days. However, it is still down 28% year-to-date, representing a retracement of about 56% from its all-time high.