Ark Invest, the investment firm run by long-time Bitcoin bull Cathie Wood, purchased 420,949 shares of Coinbase (COIN) worth little under $21.4 million, according to the firm’s daily trade brief. The largest part of the total amount of purchased shares—roughly 330,00—went towards ARKK, the company’s flagship exchange-traded fund (ETF) that invests in companies targeting disruptive innovation. An additional 54,466 Coinbase shares were added to Ark Next Generation Internet ETF (ARKW), with another 36,022 COIN reserved for ARK Fintech Innovation ETF (ARKF), according to publicly disclose ...
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