Cathie Wood’s Ark Continues Its Coinbase and Block Buying Spree
Cathie Wood's Ark Invest continued to purchase shares in crypto exchange Coinbase and payments firm Block on Monday. The firm purchased 32,378 shares in Coinbase for the Ark Innovation ETF, as well as 5,347 shares for its Next Generation Internet ETF, following its acquisition of more than 182,000 shares on Friday. Meanwhile, Ark's Fintech Innovation fund purchased 18,555 shares in Block, following a purchase of more than 288,000 shares across three of its funds on Friday. This indicates Wood's conviction in the two companies, which have faced negative headlines recently. Coinbase received a Wells notice from the SEC, while Block faces accusations from short seller Hindenburg Research.
ARK Invest Scoops Up Coinbase, Block Shares for Second Straight Day
Cathy Wood's ARK Invest bought $12.6 million of Coinbase (COIN) shares on Friday, the second straight day the fund bought the crypto exchange's stock after the company received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) on March 22, sending COIN tumbling 16% the next day. The shares gained 1.5% on Friday to close at $67.83 apiece.
Crypto Morning Briefing: Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs
ARK Invest Buys $18M Worth of Coinbase Shares As The Price Tumbles; Coinbase-Backed Decentralized Social Blockchain (DeSo) Revolutionizes with New Proof of Stake System
ARK Invest Buys $18M Worth of Coinbase Shares As The Price Tumbles
In a recent development, Cathie Woods Ark Invest purchased 268,928 Coinbase (COIN) shares following the Wells notice from SEC.
Cathie Wood’s ARK Buys Coinbase Shares Worth $17.8 Million
Cathie Wood’s investment firm, ARK Invest, bought 268,928 Coinbase [BASE] shares worth $17.88 million on 24 March through its ARKK Innovation and ARKW Next Generation Internet exchange-traded funds.
Crypto Evening Briefing: Even As Funding Dips, Top Web3 Investors Remain Active
While overall funding in Web3 was down last year from 2021, several top investors in the space such as Shima Capital, Animoca Brands and Y Combinator saw their numbers tick up in 2022, according to Crunchbase data.
Coinbase Stock Jumped 60% in Two Weeks, ARK Invest Breaks Buying Streak
Riding on the wave of a broader market rally, Coinbase stock (COIN) notched a rally of nearly 60% over the past two weeks exceeding more than $84 per share.
Bitcoin’s Banking Crisis Surge Will ‘Attract More Institutions’: ARK’s Cathie Wood
The value proposition of Bitcoin (BTC) is on full display amid the current banking crisis, which will only “attract more institutions” to the BTC market over time, ARK Invest CEO Cathie Wood believes.
Crypto Evening Briefing: Cathie Wood's Ark Launches Private Crypto Fund, Raises $16.3 Million
Cathie Wood's Ark Investment has raised more than $16 million for two new private crypto funds as digital assets resume rally despite increasing regulatory pressure.
Cathie Wood’s Ark Invest Keeps Block Spending Spree Going, Adds $9 Million
Cathie Wood's Ark Invest purchased shares in Jack Dorsey's Block for the third day.
