The U.S. Securities and Exchange Commission (SEC) cryptocurrency stock market coinbase Coinbase’s share prices fell after news of a counter-investigation launched.
Shares of Coinbase Golabal (COIN) dropped to an all-time low of $52.93. However, this decline continued and COIN closed Friday at $40.24.
Dumping the share price by selling a large amount of Coinbase shares before Ark Invest CEO Cathie Woodpurchased another 78,982 Coinbase shares. The value of these purchases is approximately $3 million.
The billionaire investor had bought more than 400,000 shares of Coinbase in early November.
With the last COIN purchase The ARK Innovation ETF (ARKK) The number of COINs in possession has reached 5.7 million.
Commenting on Cathie Wood’s purchase of Coinbase stock, experts said that these purchases mean that Wood has come to an end in the declines in the crypto money sector and has seen bullish signs.
Brian Armstrong, CEO of Coinbase he said last week that the company’s revenue this year will be at least 50% less than last year due to the sharp price drops in cryptocurrency prices and the industry-wide knock-on effects of multiple bankruptcies by large firms.
It will also be remembered that despite a tough bear market in the crypto money industry, Cathie Wood, BTCcontinues its rise.
Because Wood said in his statements bitcoin He states that his goal of $1 million is still valid.
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