ARK makes second purchase of Coinbase shares in a week
Coinbase has been under the radar for quite a lot of things. While the crypto exchange concluded its third round of layoffs, the rest of the community expected to see a plummet in the stock price of COIN. On the contrary, it was on a rise. Cathie Wood and her investment management firm Ark Invest has been making headlines throughout the week. The firm was seen consistently pouring funds into Coinbase. Just yesterday, ARK pocketed 33,756 Coinbase shares . This purchase was worth $1.49 million. Earlier today, Wood’s platform shelled out another $3.28 million on 74,792 shares of COIN. It should be noted that the value of the shares is based on COIN’s closing price of $43.79 on Wednesday. At press time, COIN was priced at $44.95 with a 2.65 percent daily rise. Source This surge was much needed for Coinbase after its shares dipped to a low of $31.59 on January 6. Ark was making big bucks as all its investments were noting a prominent increase. Along with C...