Ark Invest, the company of the famous US investor Cathie Wood, took advantage of the recent decline in Coinbase (COIN) shares, making a purchase of approximately $ 18 million.
On the grounds that the U.S. Securities and Exchange Commission (SEC) provides unregistered securities services Wells statement after sending 25% Coinbase shares plummeting around From $84 to $62 as much as it declined. Considering this decline as an opportunity, Ark Invest added to its portfolio. $17.8 million made the addition.
Ark Invest made the said purchases. Ark Innovation ETF (ARKK) And Ark Next Generation Internet ETF (ARKW) done through. According to the information conveyed, the company ARKK in the scope of 230,599 COINs, ARKW in particular 38,329 COINs made the purchase. Evaluating the last drop due to the SEC-sourced FUD, the investment company said that together with these transactions, a total of 268,928 COINs has bought.
The latest investment of Ark Invest, which has been continuously increasing its long Coinbase investments since the end of last year, has recently increased its share price after a long break. 83 dollars at the level $13.5 million in return 160,887 shares It came after it was disposed of.
NASDAQ according to data COINSince the beginning of 2023, approximately 105% increased, and at the time of writing the news $66.30 finds buyers at levels.