
Crypto News: ARK Invest, the investment management firm led by Cathie Wood on Tuesday extend its stakes in U.S biggest crypto exchange, Coinbase. The investment firm reportedly bagged another 147K Coinbase (NASDAQ: COIN) shares amid the recent regulatory fight launched by the exchange.
Also Read: Coinbase Launches Derivatives Exchange With 5X Leverage
Ark Invests Bags $15.5 Mln Coinbase Shares In 2 days
According to reports, Cathie Wood’s Ark Investment purchased approx $7.5 million worth of Coinbase shares. While the firm bought around 150,000 COIN on Monday. However, this move comes in when Coinbase Introduced its International Exchange just a day before.
The U.S. biggest crypto exchange had a tough last month as it received a regulatory warning of a possible lawsuit from the Securities and Exchange Commission (SEC). $COIN price registered a drop of more than 19% over the past 1 month.
At the press time, NASDAQ: COIN price is up by 2.35% (1.18 pts) to trade at $51.32. However, its after hours price stands at $50.95 down by 0.72% (0.37 pts). The considerable surge comes in after back to back purchases done by the Cathie Wood led Ark Invest. Read More Crypto News Here…
The post Just-In: Cathie Wood’s Ark Goes Long On $COIN As Coinbase Moves Offshore appeared first on CoinGape.
- Website
- Mobile app
- Telegram Channel
- Telegram Group
- YouTube
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks