Bitcoin (BTC) for a long time, while continuing to worry investors with the declines it experienced. coinbase share holder Ark Invest CEO Cathie Wood Made another purchase.
The BlockAccording to the news of Ark Invest yesterday coinbase And Robinhood bought the stock.
Ark Invest, which bought $2.44 million worth of shares from Coinbase, received $9.97 million worth of Robinhood shares.
At the time of writing, Coinbase stock dropped 1.40% to $61.89, while Robinhood shares were down more than 3% to $9.42.
Ark Invest made its last share purchase in the last days of February, with a share purchase of $13.2 million.
In February, the company made two more purchases for $11.2 and $9.2 million.
Considering that there is a correlation between Coinbase stock and Bitcoin, and Ark Invest’s purchase of Coinbase shares at regular intervals, it is interpreted that Ark Invest’s collection of Coinbase shares has a bullish expectation in Bitcoin as well.
*Not investment advice.
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