TechFlow News, February 15: According to disclosed filings, ARK Invest purchased approximately $15 million worth of Coinbase stock on Friday, reversing its early-month reduction. This purchase was distributed across three actively managed ETFs: ARKK bought 66,545 shares, ARKW bought 16,832 shares, and ARKF bought 9,477 shares. At the day’s closing price of $164.32 per share, the total value amounted to roughly $15.2 million.
Previously, ARK sold approximately $39.4 million worth of Coinbase stock on February 5 and 6—the first consecutive reduction since August 2025. Concurrently, ARK increased its stake in digital asset platform Bullish, indicating a structural reallocation among crypto-related assets rather than a broad exit. Fundamentally, Coinbase reported a net loss of $667 million for Q4 2025, ending eight consecutive quarters of profitability; earnings per share were $0.66, below the market expectation of $0.92; net revenue declined 21.5% year-on-year to $1.78 billion, with trading revenue falling nearly 37% year-on-year and subscription & services revenue rising over 13% year-on-year to $727 million.
Despite the weak financial performance, Coinbase’s stock surged 16.4% on Friday, prompting ARK to rapidly rebuild its position. Analysts suggest this move reflects tactical trading amid high volatility rather than a full-scale reconstruction of ARK’s long-term core holdings.
