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Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Coinpedia Fintech News on May 02, 2023, 10:14:46 AM

Title: Cathie Wood's Ark Invest Doubles Down on Coinbase with $8.4M Purchase!
Post by: Coinpedia Fintech News on May 02, 2023, 10:14:46 AM

The investment firm added over $8.4 million in Coinbase shares to its portfolios yesterday.

This comes after the firm purchased over $8.6 million in Coinbase stock late last month. Despite the recent dip in Coinbase shares, Ark Invest remains bullish on the crypto exchange's future.

In addition to their Coinbase investments, Ark Invest is also teaming up with 21Shares in a bid to get a spot bitcoin ETF approved.

Title: Re: Cathie Wood's Ark Invest Doubles Down on Coinbase with $8.4M Purchase!
Post by: bigcash2011 on May 06, 2023, 06:02:14 PM

As far as i remember Cathie wood and her company sold vast holdings of their Coin shares right at the bottom prices and then they bought after the bounce so technically they are facing big loss till now.