ARK Invest has returned to purchasing shares in Coinbase Global following a strategic reduction of its holdings. Over the course of Friday, the investment firm acquired about $15 million worth of Coinbase stock through multiple ETFs:
- ARK Innovation ETF (ARKK): 66,545 shares
- Next Generation Internet ETF (ARKW): 16,832 shares
- Fintech Innovation ETF (ARKF): 9,477 shares
This buying spree coincided with a notable increase in Coinbase’s stock price, which reached $164.32, marking a 16.4% rise within the trading session, with additional gains noticed during after-hours trading. Thus, ARK’s total investment in Coinbase came to approximately $15.2 million.
In addition to Coinbase, ARK Invest also boosted its stake in Roblox Corporation as part of its investments. Roblox shares closed near $63.17 on the New York Stock Exchange on the same day.
Coinbase shares surged 16% on Friday. Source: Google Finance
Related: Coinbase launches crypto wallets built using AI agents
ARK Reduces Exposure to Coinbase
Notably, last week, ARK Invest had trimmed its exposure to Coinbase by $17.4 million for the first time this year, marking its first reduction since August 2025. The firm subsequently sold another $22 million of Coinbase shares across various ETFs.
As Cointelegraph highlighted, Coinbase has recently faced challenges, becoming a leading detractor in ARK Invest’s portfolio due to broader cryptocurrency market declines affecting its performance.
Coinbase Reports Significant Loss
Recently, Coinbase announced a net loss of $667 million in the last quarter, ending a streak of profitable earnings. The earnings per share fell short of analyst expectations, with revenues also showing a decline compared to the previous year.
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