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Cathie Wood Acquires More Shares of Coinbase for ARK Invest

The funds acquired $110 million worth of COIN stock a day after purchasing $246 million of it.

Image: ARK Invest

Celebrity stockpicker Cathie Wood's ARK Invest bought more shares of Coinbase (Nasdaq: COIN) worth $110 million a day after the cryptocurrency exchange's Nasdaq debut, according to the firm's daily trade summary on Thursday.

ARK, which gained prominence last year among retail investors, on Thursday bought a total of 341,186 shares across three funds, valued at $110 million at Thursday's $322.75 close.

That added to 749,205 purchased according to its Wednesday alert, or $245.9 million at Wednesday's $328.28 close.

The funds to which the positions were added are added are its flagship ARK Innovation ETF (NYSE: ARKK), ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF).


Source: Reuters

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