Business1 source
Ark Invest buys more Coinbase as shares plunge 10% in wider market rout
Headline from The Block
Key points
- Cathie Wood's investment firm Ark Invest acquired $2.44 million worth of Coinbase stock on Thursday.
- The purchase occurred as Coinbase shares dropped by 9.69% during a broader stock market sell-off.
- Ark Invest continues to adjust its portfolio during market downturns, taking advantage of lower share prices to accumulate additional stock in the cryptocurrency exchange platform.
Summarized automatically by Kryptokite from reporting by The Block. Read the original sources for full detail.
Sources
- The BlockArk Invest buys more Coinbase as shares plunge 10% in wider market rout · 5 hours agoRead on The Block
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