Feb 16, 2026
positiveCoinbase Surges 16% Despite Earnings Miss as $1 Billion Share Buyback Signals Confidence
Coinbase Global rallied 16.4% on Friday following fourth quarter results that missed revenue estimates but showcased $3.07 billion in free cash flow and completion of a $1 billion share buyback program. The cryptocurrency exchange's transformation into a diversified financial infrastructure platform attracted renewed institutional buying led by Cathie Wood's ARK Invest, which purchased $15.2 million in shares.







