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ARK Makes Coinbase Buy as COIN Jumps 20% On-Week

Tech investor Cathie Wood has made her first purchase of the year of Coinbase (COIN) stock.

According to an investor update email, Wood added 33,756 shares of COIN to ARK’s Innovation ETF (ARKK), worth around $1.45 million based on the January 10 closing price.

The investment fund has been on something of a COIN buying spree in recent weeks. On Dec. 14, it purchased 300,000 shares at a closing-price cost of about $12 million, then on Dec. 30 it added another $5.5 million in shares to its holdings.

(By Sam Reynolds)

Coinbase tokenized stock FTX Coinbase tokenized stock FTX $87.77
+23.12%
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