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Cathie Wood's Ark Buys Huge Coinbase Shares

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TRENDING GLOBALLY

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Since November, more than 1.3 Million Coinbase shares have been purchased by Cathie Wood's Ark Investment Management Funds.

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Ark Investment's total holdings have increased by 19% to 8.4 million shares following this month's buying spree.

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Cathie Wood began buying Coinbase shares shortly after the downfall of FTX earlier this month.

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Ark Investment holds approximately 4.7% of Coinbase's total outstanding shares.

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Cathie Wood's company also purchased shares in other crypto companies, such as Grayscale Bitcoin Trust or shares of Crypto bank Silvergate Capital Corp.

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Coinbase shares have been declining for four consecutive days. Monday's record-breaking 8.9% drop was the result.

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Since last week, ARK Next Generation Internet has purchased over 450,000 shares from the Grayscale Bitcoin Trust Trust.

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