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.