Ark Invest, Cathie Wood’s investment company, made a purchase of approximately $22 million, evaluating the close to 20% decline in Coinbase stock.
of the US Securities and Exchange Commission (SEC) Following the lawsuit against Coinbase, the stock market’s share, COIN, was removed from the stock market on June 6th. With nearly 20% depreciation opened. Ark Invest, published daily purchase and sale in its report, 21.6 million in total in dollars 419,324 announced that it has purchased shares.
Purchases by data 53,885 of them Ark Next Generation Internet ETF (ARKW), 329,773of To the Ark Innovation ETF (ARKK) And 35,666 of them Fintech Innovation ETF (ARKF) in total, including 3 funds done through.
ArkInvest, 647 million exchanges with Coinbase shares within the located in 5th largest. remains in position.
Ark Invest is sometimes in the investment circles against the investment decisions regarding Coinbase. Although criticized since the beginning of the year make regular purchases as continuing. So much so that Coinbase of the case Even company investment decision unable to dissuade is seen.
The company made its latest Coinbase investment. May at the beginning of the month 16 million It was done with a $ share purchase.
COIN according to Nasdaq data June 6 your day $47.10, down 19.77% lived after opening the level 9.57% on the rise $51.61 closed level.