"Ark Invest Purchases Additional $5.2 million Worth of Coinbase Shares...Continuing Buying Trend"
Minseung Kang
Summary
- Ark Invest has purchased an additional $5.2 million worth of Coinbase shares, according to reports.
- Ark Invest's continued purchasing of Coinbase shares has been drawing attention from investors.
- The company had already purchased $11.5 million worth of shares through two ETFs on the 10th, according to reports.
Ark Invest, led by Cathie Wood, has recently purchased additional Coinbase shares.
According to crypto media The Block on the 14th, Ark Invest purchased an additional $5.2 million (approximately 7.5 billion KRW) worth of Coinbase shares on the 13th after Coinbase stock fell by 7.43%.
Ark Invest has been consistently purchasing Coinbase shares recently. Previously, on the 10th, they purchased a total of $11.5 million worth of Coinbase shares through two exchange-traded funds (ETFs).
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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