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Cathie Wood’s Ark Invest Purchased Another $6.7 Million Coinbase Shares

Cathie Wood's Ark Invest is keen on Coinbase right now, following up last week's purchase with another estimated $6.7 million yesterday.  

Ark added 102,281 Coinbase shares to its Ark Innovation ETF and 16,414 shares to Ark Next Generation Internet, according to its latest trade filing. Shares in the crypto exchange closed down 1.2% to $56.40 Monday. Based on the price at the close, Ark's most recent purchase cost around $6.7 million.

Wood has purchased over $15 million worth of shares in the past two days of trading, despite COIN's dwindling price and the considerable headwinds facing the exchange.

(By Adam Morgan McCarthy)

Get the latest news here: Cointime channel — https://t.me/cointime_en

Coinbase tokenized stock FTX Coinbase tokenized stock FTX $87.77
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