Ark Invest, Cathie Wood’s investment company, has increased its investments in the company by acquiring another $11.8 million worth of Coinbase (COIN) shares.
Ark Invest continues to evaluate the low COIN price. Recently 3.1 million dollars worth 78,982 COINs shareholder company 14 December on 296,578 approximate their investments in the company by buying more shares 344.4 Million dollarstook it out. With this acquisition, the company has invested in Coinbase shares for the second time in the last 7 days.
In the last purchase, ARK Innovation ETF, Ark FinTech Innovation ETF and Ark Next Generation Internet ETF to the fund, respectively 176.364, 93,117 and 27,097 number COIN share added. Total COIN shares in the company with the last purchase 8.3 million to 8.6 million rose.
Ark Invest CEO Cathie Wood, in an interview with Bloomberg following the FTX bankruptcy, explained the crisis. to battle tests resembled and segregation of successful companies sometimes to such companies in the industry that it is needed had stated. Also in the CEO interview, until the beginning of 2030 Bitcoin (BTC) 1 million dollars his statements that he will reach had repeated.