ARK Invest is back to buying the Coinbase stock after a long selling period. On Aug. 5, ARK bagged 28,632 COIN shares for $5.4 million.
Cathie Wood's investment firm ARK Invest is back to buying the Coinbase (COIN) stock amid a major market sell-off, with Bitcoin (BTC) briefly dropping below $50,000.
On Aug. 5, ARK purchased 28,632 Coinbase shares, resuming buying after a long period of dumping the stock in 2024.
The purchase cost $5.4 million, with COIN closing at $189.5 on Aug. 6, according to data from TradingView.
