ARK turns bullish on Coinbase again with $15M purchase after selling spree

CoinTelegraph

by Amin Haqshanas

February 14, 2026

AI-Generated Deep Dive Summary

ARK Invest, led by renowned investor Cathie Wood, has resumed buying shares of Coinbase Global after previously selling a significant portion of its holdings. On Friday, the firm purchased nearly $15.2 million worth of Coinbase stock across three exchange-traded funds (ETFs): ARK Innovation ETF (ARKK), Next Generation Internet ETF (ARKW), and Fintech Innovation ETF (ARKF). The purchases included 66,545 shares through ARKK, 16,832 shares through ARKW, and 9,477 shares through ARKF. This buying activity occurred just days after ARK offloaded over $39 million in Coinbase shares, signaling a potential shift in sentiment toward the cryptocurrency exchange. The timing of ARK's renewed interest in Coinbase coincided with a sharp rise in the company's stock price. By the end of Friday's trading session, Coinbase shares closed at $164.32, up approximately 16.4% from the previous day. The surge continued into after-hours trading, further boosting investor optimism. This rebound comes amid broader market volatility and ongoing challenges for Coinbase, including regulatory scrutiny and declining trading volumes. For crypto enthusiasts and investors closely following ARK's moves, this development is significant. ARK's decision to buy back Coinbase shares despite the company's recent struggles could indicate confidence in its long-term potential. Cathie Wood's track record as a forward-thinking investor has often influenced market trends, making her portfolio shifts closely watched. This latest move highlights the dynamic nature of the cryptocurrency sector and underscores the importance of adaptability in navigating its challenges and opportunities. While Coinbase faces headwinds such as reduced trading activity and regulatory pressure, ARK's renewed interest may suggest that Wood sees potential for recovery or growth. The firm's strategic buying could also impact investor sentiment, potentially attracting more capital to

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Originally published on CoinTelegraph on 2/14/2026