{"id":45336,"date":"2023-02-15T17:09:04","date_gmt":"2023-02-15T21:09:04","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=45336"},"modified":"2023-02-15T17:09:07","modified_gmt":"2023-02-15T21:09:07","slug":"ark-invest-buys-almost-20m-in-coinbase-stock","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ark-invest-buys-almost-20m-in-coinbase-stock\/","title":{"rendered":"Ark Invest Buys Almost $20M In Coinbase Stock"},"content":{"rendered":"\n

Due to regulatory uncertainty, Cathie Wood's Ark Invest<\/a> added to its holdings of Coinbase (COIN) shares as the stock price fell below $58.<\/p>\n\n\n\n

\"Cathie
Cathie Wood\u2019s Ark Invest Buys Almost $20M In Coinbase Stock<\/figcaption><\/figure>\n\n\n\n

In spite of the regulatory uncertainty in the cryptocurrency business, Ark Invest CEO Cathie Wood continues to buy shares of cryptocurrency exchange Coinbase<\/a> at low prices.<\/p>\n\n\n\n

A total of 14,636 Coinbase (COIN) shares were bought by investment management firm on February 14 as the stock fell below $58. According to transactions tracked by CoinGape, Cathie Wood's Ark Invest bought 11,778 Coinbase equities for the ARK Innovation ETF and 2,848 Coinbase stocks for the ARK Next Generation Internet ETF.<\/p>\n\n\n\n

In October, investment management firm resumed purchasing Coinbase shares. Following the failure of the cryptocurrency exchange FTX\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in December, the price of Coinbase dropped to a low of $31.55 at which point Ark Invest bought 628,164 shares in 10 transactions.<\/p>\n\n\n\n

Cathie Wood is still optimistic about cryptocurrencies, particularly Bitcoin. Wood, the founder of the investment management firm, recently reaffirmed that the price of Bitcoin might reach $1 million by 2030.<\/p>\n\n\n\n

After a dramatic increase in stock price amid the revival of the cryptocurrency market, Coinbase (COIN) price reached a high of $81.46 on February 2. Cathie Wood's investment management firm resumed buying COIN stocks in February as prices fell as a result of the U.S. SEC's enforcement action against crypto staking and Paxos' BUSD offering.<\/p>\n","protected":false},"excerpt":{"rendered":"

Due to regulatory uncertainty, Cathie Wood’s Ark Invest added to its holdings of Coinbase (COIN) shares as the stock price fell below $58. In spite of the regulatory uncertainty in the cryptocurrency business, Ark Invest CEO Cathie Wood continues to buy shares of cryptocurrency exchange Coinbase at low prices. A total of 14,636 Coinbase (COIN) […]<\/p>\n","protected":false},"author":43,"featured_media":45338,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[2292,150],"class_list":["post-45336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cathie-wood","tag-coinbase"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/02\/croc_1676489603740.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/45336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=45336"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/45336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/45338"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=45336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=45336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=45336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}