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Investment firm ARK, led by renowned investor Cathie Wood, purchased more than 350,000 Coinbase shares according to an email transaction report. According to an emailed transaction report, investment manager ARK increased its holdings in Coinbase (COIN) on March 9 by more than it did in the entire month of January. ARK
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The Cathie Wood-led firm added 301,437 COIN shares to its ARK Innovation ETF (ARKK) and 52,525 shares to its Next Generation Internet ETF (ARKW) for a total of more than 350,000 shares, the biggest one-day purchase this year. In January it bought a total of 333,637. Source
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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 latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 23, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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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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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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The second purchase of Coinbase’s shares in a week comes as the exchange continues a week-long rally. Source
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