Ark Invest, Cathie Wood’s investment firm, increased its investments in Coinbase shares and made another $12.1 million purchase.
Ark Invest continues to increase its Coinbase investments. In the midst of the FTX crisis recently worth $20 million more than 420 thousand Announcing that it bought Coinbase shares, the investment company added to its assets.
According to the latest statement made by the company 238 thousand more Coinbase stock was acquired. The majority of recent purchases by the company have been made through the ARK’s Innovation ETF, the Next Generation Internet ETF, and the Fintech Innovation ETF.
Despite the negative atmosphere and declines in the crypto markets, Ark Invest continues to increase its investments for a long time. Ark Invest has recently Robinhood and block announced that it is investing in crypto companies that are critical in markets such as
Coinbase announced this week that it has minimal exposure to FTX. Just to facilitate business operations and customer transactions on the Exchange 15 million dollars announced that he had.