Cathie Wood's ARK Invest scoops up $3.2 million of Coinbase stock, buying the dip as crypto turmoil weighs on the exchange

Dec 12 2022 by Business Insider

 

Marco Bello/Getty; Savanna Durr/Insider

Cathie Wood's Ark Invest purchased 78,982 shares of Coinbase last week, a haul worth roughly $3.2 million on Monday. Coinbase shares are down 83% year-to-date as crypto market turmoil weighs the exchange.  Wood's flagship ARK Innovation ETF (ARKK) is down over 63% in 2022.

Cathie Wood's Ark Investment Management purchased 78,992 shares of crypto exchange Coinbase last week, valued at roughly $3.2 million on Monday, as the famed money manager keeps...

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