ARK Invest is buying Coinbase again, adding 6.9 million dollars in COIN shares after selling earlier this month as the stock tries to stabilize.
Key Takeaways
- ARK Invest bought 41,453 shares of Coinbase worth about 6.9 million dollars, reversing recent selling.
- The purchase was spread across ARKK, ARKW, and ARKF, with ARKK taking the biggest slice.
- Coinbase has rebounded in recent sessions, even as the stock remains down sharply year to date and earnings remain under pressure.
- The move comes alongside a broader ARK trading day that included buying Broadcom and AMD, while selling Teradyne and trimming other names.
What Happened?
ARK Invest disclosed a fresh purchase of Coinbase Global shares worth roughly 6.9 million dollars, a notable shift after the firm sold about 17.4 million dollars of COIN earlier in February. The buy landed as Coinbase shares showed signs of short term stabilization following recent volatility in crypto linked equities.
BREAKING: Cathie Wood’s Ark Invest buys $6.9 million in Coinbase shares, reversing recent sales amid stock rebound. | $COIN pic.twitter.com/gV53EzHAnI
— SwanDesk (@SwanDesk) February 18, 2026
ARK Returns to Coinbase After a Quick Exit
Cathie Wood’s ARK Invest has flipped back to the buy side on Coinbase, purchasing 41,453 shares valued near 6.9 million dollars. The buy is especially eye catching because it follows a recent round of selling on February 5 and February 6, when ARK offloaded about 119,236 shares worth roughly 17.4 million dollars during broader market weakness.
This kind of back and forth is familiar for traders who track ETF flows. ARK often manages position sizes tightly, typically aiming to keep any single holding near a ceiling of about 10% of a fund. That means buys and sells can reflect portfolio rebalancing as prices move, not necessarily a fundamental change in long term belief.
Where the Shares Went Inside ARK Funds?
The new Coinbase position was built across three ARK exchange traded funds:
- ARK Innovation ETF (ARKK) bought 29,689 shares, about 4.9 million dollars.
- ARK Next Generation Internet ETF (ARKW) bought 7,525 shares, about 1.2 million dollars.
- ARK Fintech Innovation ETF (ARKF) bought 4,239 shares, about 704,000 dollars.
Coinbase remains a meaningful holding inside ARK’s lineup. Recent disclosures show COIN as the seventh largest position in ARKK at about a 4% weighting and the third largest in ARKF at around 5.6%.
Coinbase Stock, Earnings, and Wall Street Crosscurrents
The buying arrived as Coinbase shares pushed higher in the short term. COIN closed up about 1% at 166.02 in the latest session referenced, and it was up 8.4% over the prior five trading days. Even with that bounce, the stock is still down about 28% year to date, highlighting how choppy sentiment has been around crypto exposed names.
Coinbase’s fundamentals have also been mixed. The company reported 1.8 billion dollars in fourth quarter revenue, down about 5% from the prior quarter. More importantly, Coinbase posted a 667 million dollar net loss, which management tied largely to unrealized declines on its crypto portfolio and strategic investments.
Analyst views are split. Bernstein kept an outperform rating with a 440 dollar price target, suggesting some on the Street still see significant upside. At the same time, Mizuho Securities cut its Coinbase price target from 280 to 170, citing a preference for rival Robinhood during what it called an ongoing “crypto winter.” Bitcoin prices have been falling in recent weeks, adding another headwind for sentiment.
A Bigger Picture Look at ARK’s Trading Day
The Coinbase buy did not happen in isolation. In the same disclosure cycle dated February 17, 2026, ARK also bought about 8 million dollars of Broadcom and around 6.1 million dollars of AMD. The firm’s largest single move was a sell of Teradyne, unloading about 13.3 million dollars worth of shares. ARK also sold Twist Bioscience shares worth about 6.3 million dollars after the stock hit a 52 week high following a licensing deal, and it trimmed names like Airbnb, Pinterest, and PagerDuty while adding to CRISPR Therapeutics.
CoinLaw’s Takeaway
I see this Coinbase buy as a classic ARK style move. In my experience, Wood’s team is comfortable buying into volatility when they think the market is overreacting. The fact that ARK sold earlier and then stepped back in tells me this was likely position sizing and timing, not a sudden change of heart. I found the most important detail is that ARK is still treating Coinbase like a core bet inside its crypto and fintech thesis, even while earnings look messy and big banks disagree on the outlook. If COIN holds support and crypto sentiment improves, this kind of high profile buying can help shift the mood fast.
