Cathie Wood’s Ark Invest buys $6.9 million in Coinbase shares, reversing recent sales amid stock rebound
Ark Invest purchased $6.9 million worth of Coinbase shares across three ETFs, reversing earlier sales during a stock rebound.Summary
Cathie Wood's Ark Invest bought $6.9 million worth of Coinbase (COIN) shares on Tuesday across its ARKK, ARKW, and ARKF exchange-traded funds, signaling a reversal from recent selling activity earlier in February when the firm sold $17.4 million in COIN amid a market decline. This move occurred as Coinbase shares rebounded, closing up 1% on Tuesday. COIN is currently the seventh-largest holding in both the ARKK and ARKW ETFs, and the third-largest in ARKF. The purchases follow Coinbase's recent fourth-quarter 2025 earnings report, which showed $1.8 billion in revenue but a net loss of $667 million, largely due to unrealized losses on its crypto investment portfolio. Despite the loss, Bernstein analysts maintained an 'outperform' rating with a $440 price target.
(Source：The Block)