Cathie Wood’s Ark Invest Purchases $1.45 Million Coinbase Shares

Ark Invest Purchases $1.45 Million COIN Shares

January 11, 2023 Story: Mohd Javed

Despite tough times for Coinbase, Ark Invest invested in purchasing $1.45 Million Coinbase shares.

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On January 5, Ark added 172,276 shares of Coinbase to two of its funds, ARKW and ARKF.

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It was the Ark Invest CEO Cathie Wood's eleventh buy in less than a month.

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As per the Ark Investment Management's data, it rose 27% in two days after the firm revealed its fourth-quarter revenue that exceeded expectations.

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Ark’s ARKW fund actively invests in internet-based products and services, cloud computing, artificial intelligence, e-commerce, and media innovations.

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Ark has purchased 750,324 shares over 11 different trades since December 14, 2022.

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Ark holds nearly 8.596 million COIN shares across its three funds, ARKK, ARKW, and ARKF, representing 2.92% of the firm’s total investments.

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