Ark Invest Buys $16.5 Million of Coinbase (COIN) Stock as Cathie Wood Signals Potential Crypto Rally

Cathie Wood’s asset management firm, Ark Investments, purchased 62,166 Coinbase (COIN) shares for an investment value of $16.5 million. This purchase of the COIN stock comes amid its 30% drawdown over the past month. It is also the largest purchase of the stock by Wood’s firm since August 1. Ark Invest Makes $16.5 Million Investment in COIN Stock On November 26, Ark Invest purchased $16.5 million worth of Coinbase (COIN) shares, as reported by Ark Daily. The investment manager acquired a total of 62,166 ...