Cathie Wood Loads Up $13M In Coinbase After Q4 Beat, Cuts Stake In This Sports Betting Company

Cathie Wood-led ARK Investment Management has purchased 213,519 shares of Coinbase Global Inc (NASDAQ: COIN) at an estimated valuation of over $13 million based on Wednesday’s closing price, as the cryptocurrency exchange platform reported upbeat quarterly results.

The purchase was made via the ARK Innovation ETF (NYSE: ARKK) and the ARK Next Generation Internet ETF (NYSE: ARKW).

Also Read: How To Buy Coinbase (COIN) Stock

Coinbase shares have gained over 82% this year as cryptocurrencies bounce back from a horrendous 2022. Bitcoin (CRYPTO: BTC) has gained over 45% …

Full story available on Benzinga.com

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