Ark Invest bought a total of 10,880 shares of Coinbase (COIN) for its Fintech Innovation Fund (ARKF) on Monday, according to the firm’s daily trade information newsletter. While the $722,000 value of the purchase is quite modest, it brought ARKF’s holdings of Coinbase shares up to $61.2 million, or more than 8% of the fund’s weight, making COIN the third-largest asset in the portfolio behind Shopify and Block only. Coinbase’s stock was trading at $66.39 at the closing bell on Monday, down 8.97% over the past five days. Notably, this is also the first purchase of COIN for Ark Invest si ...
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