Cathie Wood and Ark Invest Load up on Bitcoin and Coinbase During Dip

A subscription to Ark Invest’s trade reports revealed that the company took advantage of the Bitcoin downturn on Tuesday by buying up another 214,718 shares of Coinbase (COIN). The purchase pushed its holdings to 4.7 million shares. 

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The firm used its Ark Innovation ETF (ARKK) to purchase the shares of COIN. Ark then used its Ark Generation Internet ETF (ARKW) ETF to purchase an additional 1 million shares of the Grayscale Bitcoin Trust (GBTC), worth around $29.3 million.

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