- Cathie Wood’s ARK investment purchased 78,982 shares last week in Coinbase.
- ‘ARKK,’ its ETF and tech arm, now holds 5.8 million COIN shares.
- Wood says BTC will touch the $1 million mark by 2030, a 6,000% growth from current levels.
ARK Invest Management LLC is an investment management firm based in St. Petersburg, Florida. It is showing its faith in the publicly listed crypto exchange Coinbase, as it added yet another $3.2 million in Coinbase shares to its portfolio.
After this, ARK now holds 5.8 million COIN shares, with a total value of around $235,481,582. They also have $228 million in ARK Innovation (ARKK) investment firm’s flagship Exchange-Traded Funds (ETFs). This positive news comes after two other recent buys. Although COIN hit an all-time low, these funds increased their holdings.
Source: https://www.thecoinrepublic.com/2022/12/16/ark-purchased-3-2-million-shares-in-coinbasewhile-its-share-value-goes-down-by-83/