Cathie Wood’s investment firm, Ark Invest, has added another $8.4 million in shares to its Coinbase passion.
Cathie Wood, a crypto-maximalist investor and owner of Ark Invest, is not giving up on Coinbase stock. The company, which bought $ 8.6 million worth of Coinbase shares last week, also made a purchase this week. Wood’s company received $8.4 million in COINs the other day.
Cathie Wood Committed to Coinbase Shares
Struggling with regulatory pressures, crypto exchange Coinbase (COIN) is backed by crypto maximalists. Many crypto actors continue to buy shares of the popular exchange. Coinbase shares, which fell the other day, managed to whet Cathie Wood’s appetite. Wood added a new one to its purchases. Cathie Wood’s company, Ark Invest, has purchased $17 million in COINs in the last two weeks.
The investment firm has added 129,604 COINs of approximately $6.5 million to the Ark Innovation exchange-traded fund. Additionally, the company has included 23,456 shares in the Ark Next Generation Internet ETF and 15,809 shares in the Fintech Innovation ETF. These acquisitions, made through the three branches of the company, were shared through a trade announcement.
The shares of Coinbase, which also discussed the withdrawal from the USA, gained nearly 50 percent this year.
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