ARK Invest Buys Approximately $15 Million Worth of Coinbase Stock Again, Ending Previous Reduction
2026-02-14 10:21
Odaily News ARK Invest disclosed that it has resumed increasing its holdings of Coinbase stock, purchasing a total of approximately 93,000 shares valued at around $15.2 million. The purchases were executed through three ETFs: ARKK, ARKW, and ARKF. In the preceding days, ARK had collectively reduced its Coinbase holdings by over $39 million. Boosted by the market rebound, Coinbase's stock price rose approximately 16% to $164.32 on that day. Coinbase previously reported a net loss of $667 million for the fourth quarter of 2025, ending a streak of eight consecutive profitable quarters. (Cointelegraph)
