Coinbase sees ARK buy of $6.9M on Feb. 17

TLDR

• ARK Invest bought 41,453 Coinbase shares Tuesday, worth about $6.9 million.
• Earlier February sales imply rebalancing; new buys reflect buying into weakness.
• COIN now ranks high: ARKF ~5.6%, ARKK ~4%, ARKW ~3.7%.

ARK Invest bought 41,453 Coinbase (COIN) shares across ARKK, ARKW, and ARKF on Tuesday, worth about $6.9 million, as reported by The Block. The firm had sold 119,236 shares earlier in February, roughly $17.4 million, indicating repositioning rather than a full reversal. Following the latest trades, COIN ranked about seventh in ARKK (~4%) and ARKW (~3.7%) and third in ARKF (~5.6%). The timing coincided with a rebound in crypto-linked equities noted by the report.

Taken together, the sequence of trims followed by adds is consistent with disciplined ETF rebalancing and buying into weakness. It preserves exposure while managing position sizes as volatility resets crypto equity valuations.

What this signals for Coinbase’s valuation and revenue mix

Coverage of Coinbase’s results has focused on the company’s shift toward recurring, less cyclical lines. As FXLeaders reported after recent earnings, “Institutional buyers apparently believe the stock is undervalued right now, especially with its recurring revenue streams (like subscriptions and services) growing.” The same report noted a Q4 2025 net loss of $667 million, with subscriptions and services up about 13% while transaction revenue fell.

Barron’s reported that major brokerages maintained constructive stances while tempering expectations until crypto prices stabilize. That framing implies the market may ascribe greater value to Coinbase’s subscriptions and services if those revenues continue to offset softer trading.

At the time of this writing, Coinbase traded at $168.78, up 2.71% intraday, based on NasdaqGS pricing. This is contextual market information and may be delayed.

Trade breakdown: 41,453 shares across ARKK, ARKW, ARKF

The Tuesday purchase totaled 41,453 COIN shares across ARK’s flagship growth (ARKK), next-generation internet (ARKW), and fintech innovation (ARKF) ETFs, valued near $6.9 million. Following allocation, Coinbase stood among the top holdings in ARKF and remained a high-conviction position in ARKK and ARKW by weight.

These adds followed earlier February trims totaling 119,236 COIN shares, suggesting a measured re-entry during volatility rather than a wholesale pivot. Overall, the pattern aligns with ETF risk controls and exposure management typical of daily disclosed, rules-based trading.