Investment Company ARK Invest Turns Crisis into Opportunity! He Bought The Stocks Of This Stock Exchange Cheap!

coinbase shares of the company were released from the Securities and Exchange Commission late Wednesday. (SEC) on Thursday after he announced he had received a Wells Notice. 16% had lost value.

ARK Acquires $17.7M Shares of Coinbase Exchange

ARK Invest sold high and bought low on Coinbase this week. On Tuesday, Cathie Wood’s fund sold 160,887 Coinbase shares for $135 million while the stock was at about $83.

A little over 48 hours later, ARK bought the dip and bought 268,928 shares of Coinbase as the stock fell and closed at $66.30 in the US on Thursday.

According to an email sent Thursday night, US time, 230,599 of those shares went to the ARK Innovation ETF (ARKK), and 38,329 to the ARK Next Generation Internet ETF (ARKW).

Within two days, Coinbase announced that it received a Wells Notice from the Securities and Exchange Commission warning a business that the SEC plans to impose sanctions against it.

A Wells Statement indicates that the SEC has completed an investigation and believes the evidence it has gathered is significant enough to warrant sanctions.

It does not guarantee that enforcement will occur, and Coinbase has until March 29 to notify the SEC if it plans to contest the enforcement.

The SEC also announced Wednesday that it is suing Justin Sun, the Tron Foundation, the BitTorrent Foundation, and Rainberry (née BitTorrent) for selling unregistered securities.

Internet personality Jake Paul is also being sued for allegedly promoting Sun-linked crypto.

Brian Armstrong, CEO of Coinbase, said in a recent Twitter statement that the company will become more involved in policy and urge its users in the US to choose “pro-crypto candidates.”

*Not investment advice.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!


source site-4