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Cathie Wood’s Ark Invest Bags Nearly $16M Coinbase Stocks in February

Cathie Wood’s investment management firm Ark Invest continues stacking Coinbase (COIN) stock amid the latest cryptocurrency market decline.

On Feb. 10 and Feb. 13, Ark made its first COIN purchases since mid-January, adding significant exposure to the United States’ largest crypto exchange.

Just in two days, Ark spent nearly $16 million on the Coinbase stock, or $3.5 million more than it totally stacked in COIN shares in January. As of Feb. 14, Ark's monthly COIN purchases amount to 280,000 shares, while in January Ark bought more than 330,000 COIN shares.

Ark’s entire COIN purchases so far in 2023 amount to 614,657 shares, bought for $28.8 million.

Cathie Wood Ark Invest Coinbase
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