Cathie Wood’s Ark Invest adds $3.9 million worth of COIN

Deals • February 23, 2023, 9:10PM EST
The Block

Quick Take

  • Ark added 63,585 COIN shares, worth $3.9 million, across two funds.

Ark Innovation ETF added 53,783 Coinbase shares, while fellow fund, Ark Next Generation Internet ETF, added 9,802 shares, the company’s latest filing shows.

Coinbase shares closed up just over 2% Thursday, at $62.33, according to TradingView, meaning Ark’s latest investment in Coinbase amounts to roughly $3.9 million.

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The latest COIN investment is just one of many in a series of Coinbase buys from Wood this month. Ark has spent nearly $37 million investing in the exchange so far this month.


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About Author

Jeremy Nation is a senior reporter at The Block covering the greater blockchain ecosystem. Prior to joining The Block, Jeremy worked as a product content specialist at Bullish and Block.one. He also served as a reporter for ETHNews. Follow him on Twitter @ETH_Nation.

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