Cathie Wood's Ark Invest buys $11.2 million in Coinbase stock amid dip-buying spree

Dec 16 2022 by Business Insider

 

Marco Bello/Getty; Savanna Durr/Insider

Cathie Wood's Ark Invest scooped up $11.2 million of Coinbase stock this week. As crypto turmoil weighs on the exchange, Coinbase shares are trading near all-time lows.  Coinbase CEO Brian Armstrong expects the company's revenue to plunge by 50% in 2022. 

Cathie Wood's Ark Invest is on a dip-buying spree, adding a total of 296,578 Coinbase shares to the firm's exchange-traded funds this week. The purchase is valued around $11.2 million on...

Continue Reading Cathie Wood's Ark Invest buys $11.2 million in Coinbase stock amid dip-buying spree