Cathie Wood’s Ark Invest adds $3.9 million worth of COIN
Ark Innovation ETF added 53,783 Coinbase shares, while fellow fund, Ark Next Generation Internet ETF, added 9,802 shares, the company’s latest filing shows.
Coinbase shares closed up just over 2% Thursday, at $62.33, according to TradingView, meaning Ark’s latest investment in Coinbase amounts to roughly $3.9 million.
The latest COIN investment is just one of many in a series of Coinbase buys from Wood this month. Ark has spent nearly $37 million investing in the exchange so far this month.