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% …
