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Amid Coinbase (COIN) stock tumbling about 8% on Thursday, Cathie Wood’s investment manager ARK Invest has bought the biggest amount of the stock since the start of 2023.On March 9, ARK purchased 301,437 Coinbase shares ($17.5 million) for its ARK Innovation exchange-traded fund, known as ARKK, according to an investor
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Investment management powerhouse Ark Invest has added more Robinhood and Coinbase stock to its holdings amid tame tech developments. According to reports, Ark Invest recently shored up on more Robinhood (NASDAQ: HOOD) and Coinbase (NASDAQ: COIN) stock. The Florida-based investment management firm purchased $9.97 million worth of HOOD stock and $3.44 million in COIN yesterday. The purchase
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Bitcoin (BTC) exchange Coinbase has remained a firm “buy” for ARK Invest throughout its recent price drop.The latest data shows ARK continuing to buy COIN shares despite bankruptcy concerns over Silvergate bank, a major Coinbase partner.ARK ETF keeps topping up on Coinbase stockIn the latest demonstration of its fearless approach
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The purchase appears to be ARK's biggest of the year, eclipsing the $9.2 million order earlier this month. Source
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Ark Invest increased its Coinbase shares holding via its two ETFs, ARKK and ARKW, spending more than $20 million on COIN since January. ARK Investment Management LLC (Ark Invest) is already enjoying dividends on the Coinbase (NASDAQ: COIN) shares it purchased last week. Between February 13th and 17th, the investment management firm
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ARKK and ARKW bought shares in Coinbase Global Monday and Tuesday, with no activity, buy or sell, the rest of the week. Source
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Cathie Wood’s investment management firm Ark Invest continues stacking Coinbase (COIN) stock amid the latest cryptocurrency market decline.On Feb. 10 and Feb. 13, Ark made its first COIN purchases since mid-January, adding significant exposure to the United States’ largest crypto exchange.Last Friday, Ark bought 139,105 COIN shares for the ARK
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Investment management firm Ark Invest has offered three bitcoin price predictions in a new report, including a bull scenario where bitcoin could reach $1.48 million per coin. In other news, a 7zip file possibly linked to activist Julian Assange was reportedly discovered in the Bitcoin blockchain, and billionaire investor Tim
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Investment management firm Ark Invest says bitcoin is “likely to scale into a multi-trillion dollar market.” In its new report, the firm offers three bitcoin price predictions, including a bull case where bitcoin could rise to $1.48 million per coin. Ark Invest CEO Cathie Wood sees bitcoin as “an insurance
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Cathie Wood’s Ark Invest recently released its Big Ideas report. The report delved into various aspects of public blockchains and digital wallets, among other things. The asset manager believes that Bitcoin could be worth more than $1 million by 2030.Public blockchains were presented as the future of money and contracts. Ark Invest, the
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