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

**Feb 18: Cathie Wood’s Ark Invest Reverses Coinbase Selloff, Buys ~$6.9M in COIN Shares** Ark Invest—led by Cathie Wood—purchased 41,453 shares of Coinbase (COIN) on Tuesday, valued at approximately $6.9 million, marking a reversal of its early-February selling trend. The firm’s three ETFs executed the buys: - ARKK: 29,689 shares (~$4.9M) - ARKW: 7,525 shares (~$1.2M) - ARKF: 4,239 shares (~$704K) Previously, Ark sold 119,236 COIN shares (worth ~$17.4M) between Feb 5–6, as crypto-related stocks pulled back broadly. During that window, the firm redirected some funds to crypto exchange Bullish and added to its position there for over 10 consecutive trading days. As of Feb 18, Coinbase ranks: - 7th largest holding in ARKK (4% weight) and ARKW (3.7% weight) - 3rd largest holding in ARKF (5.6% weight) **Fundamentals Recap** Coinbase reported Q4 2025 revenue of $1.8 billion (a 5% quarter-over-quarter decline) and a net loss of $667 million. The loss stemmed primarily from $718 million in unrealized losses on its crypto investment portfolio and $395 million in strategic investment losses. **Price Action** COIN closed up 1% at $166.02 on Tuesday, with an 8.4% gain over the past five trading days. Year-to-date, however, the stock is down 28%, and it has retraced ~56% from its all-time high.