Cathie Wood’s investment firm, Ark Invest, bought $7.5 million worth of Coinbase shares the other day.
Cathie Wood, a crypto maximalist, is not giving up her Coinbase stake. Cathie Wood’s company, Ark Invest, recently bought $8.4 million worth of Coinbase shares. Wood made another purchase in the shares of the popular stock market.
Investment company Ark Invest has added a total of $7.5 million worth of Coinbase shares through its three different branches.
Cathie Wood’s Ark Invest Stable in Coinbase Stock
Ark Invest, the investment firm of crypto maximalist Cathie Wood, is making temperate and determined moves in Coinbase stock. Ark Invest has been buying Coinbase stock for two days in a row.
Ark’s Innovation recently added 112,949 Coinbase shares to its stock portfolio for approximately $5.8 million. In addition, another arm of the company, the Next Generation Internet ETF, also bought shares for over $1 million. 20,313 Coinbase shares entered the vault of the Next Generation ETF. Fintech Innovation ETF, the third investment arm of Ark Invest, acquired 13,875 Coinbase shares worth $712,000. The total value of all these purchases is around $7.5 million.
Fighting legal and regulatory pressures in the US, Coinbase has become one of Cathie Wood’s favorite investment products. Wood regularly collects shares of the popular stock market.
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