Cathie Wood’s investment management firm Ark Invest purchased an additional 74,792 shares of crypto exchange Coinbase (COIN), the company said on Thursday. Ark Invest also added 99,523 shares of Tesla (TSLA).
Cathie Wood has been actively buying COIN and TSLA shares in the last few weeks, pushing the shares to rise higher despite uncertainty in the global markets.
Cathie Wood remains bullish on electric vehicles and cryptocurrencies, especially Bitcoin. Ark Invest founder Cathie Wood recently reiterated that Bitcoin price could hit $1 million by 2030.
(By Varinder Singh)
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