Ark Invest, a firm founded by Cathie Wood, has purchased $5.8 million worth of Coinbase shares The purchases were made by Ark’s ARKW and ARKF funds Ark Invest’s ARKF fund was established in 2019 and focuses on companies using technology to transform financial services, with Coinbase representing 7.7% of its assets The ARKW fund, launched in 2014, focuses on companies relevant to Ark’s investment theme of the next generation internet, with Coinbase and Grayscale Bitcoin Trust among its top 10
