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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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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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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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ARK Invest CEO Cathie Wood believes that digital wallets and blockchain tech were among “game-changing innovations” that the equity markets largely ignored in 2022. In a Jan. 12 blog post on the ARK Invest website, Wood suggested that the equity market faced a “wall of worry” in 2022, caused by fears
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Cathie Wood, veteran investor and CEO of ARK Invest, remains bullish on the cryptocurrency industry and centralized exchanges (CEX) despite the bear market and the crypto crisis.Wood’s investment management firm ARK continues accumulating the stock of the major United States cryptocurrency exchange, Coinbase.On Jan. 5, ARK purchased 144,463 Coinbase (COIN)
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