ARK Invest, a technology and finance fund, owned by Cathie Wood has bought $5 million in Coinbase stock. The company’s ARK Fintech Innovation ETF (ARKF), which now has 158,000 more shares on its balance sheet, has made four recent acquisitions for the investment account. Midway through December, Cathie Wood made its most recent acquisition, increasing its equity in the exchange by $3.2 million. Cathie Wood Purchases Coinbase Stock The price of Coinbase’s stock rose around 7% to $34.78 in New York on Thursday. The exchange’s shares have dropped 86% this year as a result of the severe cryptocurrency market correction. The post Cathie Wood Continues Buying Coinbase’s Dip With $5M Stock Purchase appeared first on Cryptoknowmics-Crypto News and Media Platform .
