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The second purchase of Coinbase’s shares in a week comes as the exchange continues a week-long rally. ARK has added 74,792 shares of Coinbase (COIN) to On Friday Cathie Wood’s Ark Invest purchased an additional $13.4 million in Coinbase shares. The stock price for Coinbase dipped by 5% during the acquisition period due to broader The well-known asset management firm led by Cathie Wood, Ark Invest, has recently decided to sell a significant portion of its shares in Coinbase, the popular Cathie Wood’s ARK has made a second purchase of Coinbase Global Inc (NASDAQ: COIN) shares in a week as the exchange’s stock continues to rally since the Investor Cathie Woods’ Ark Invest has purchased additional Coinbase (COIN) shares worth $13.4 million across three of its exchange-traded funds. The investment Cathie Wood’s investment firm, Ark Invest, has made significant moves in its holdings of Coinbase shares, selling over $50 million worth of shares as the cryptocurrency The ARK Next Generation Internet ETF (ARKW) acquired 64,806 Coinbase shares, valued at approximately $10.2 million. Similarly, the ARK Fintech Innovation ETF Just yesterday, ARK pocketed 33,756 Coinbase shares. This purchase was worth $1.49 million. Earlier today, Wood’s platform shelled out another $3.28 million on 74,792 🚨 Amid a crypto market sell-off, Ark Invest acquired 41,032 Coinbase shares worth $8.7M for its ARKW fund. Meanwhile, Ark offloaded $8.6M worth of Bitcoin ETF as part

Cathie Wood's ARK Invest Buys More Coinbase Shares: Second Purchase This Week

Cathie Wood’s ARK has made a second purchase of Coinbase Global Inc (NASDAQ: COIN) shares in a week as the exchange’s stock continues to rally. This latest move comes as Coinbase experiences a week-long rally, signaling Investor Cathie Woods’ Ark Invest's continued confidence in the cryptocurrency exchange.

ARK Invest Increases Coinbase Holdings by $13.4 Million

On Friday Cathie Wood’s Ark Invest purchased an additional $13.4 million in Coinbase shares. The purchase spans multiple ARK exchange-traded funds. The ARK Next Generation Internet ETF (ARKW) acquired 64,806 Coinbase shares, valued at approximately $10.2 million. Similarly, the ARK Fintech Innovation ETF pocketed 33,756 Coinbase shares. This purchase was worth $1.49 million. Earlier today, Wood’s platform shelled out another $3.28 million on 74,792 Coinbase (COIN) shares.

Why is ARK Investing in Coinbase?

The second purchase of Coinbase’s shares in a week comes as the exchange continues a week-long rally. ARK has added 74,792 shares of Coinbase (COIN) to its holdings, indicating a bullish outlook. Just yesterday, ARK pocketed 33,756 Coinbase shares. This purchase was worth $1.49 million.

Coinbase Stock Performance Amidst Crypto Market Fluctuations

🚨 Amid a crypto market sell-off, Ark Invest acquired 41,032 Coinbase shares worth $8.7M for its ARKW fund. The stock price for Coinbase dipped by 5% during the acquisition period due to broader market trends; however, ARK seems to be taking advantage of the dip. While, Cathie Wood’s investment firm, Ark Invest, has made significant moves in its holdings of Coinbase shares, selling over $50 million worth of shares as the cryptocurrency market evolves, it’s also strategically buying back in when opportunities arise.

ARK Invest's Broader Strategy: Bitcoin ETF Considerations

Meanwhile, Ark offloaded $8.6M worth of Bitcoin ETF as part of a broader portfolio rebalancing strategy. The well-known asset management firm led by Cathie Wood, Ark Invest, has recently decided to sell a significant portion of its shares in Coinbase, while simultaneously strategically increasing its position as evidenced by this week’s purchases.