<p><span style="font-weight: 400;">Cathie Wood’s Ark Invest picked up a tranche of 119,429 Coinbase shares across two funds on Friday, purchasing about $6.4 million of the stock.</span></p> <p><span style="font-weight: 400;">The investment management firm, which focuses on disruptive innovation assets, added 103,129 Coinbase shares to its Ark Innovation ETF and 16,300 shares to its Ark Next Generation Internet ETF, according to its latest trade </span><a href="https://ark-funds.com/"><span style="font-weight: 400;">filing</span></a><span style="font-weight: 400;">.</span></p> <p><span style="font-weight: 400;">Having already bought </span><a href="https://www.theblock.co/post/217941/cathie-wood-ark-invest-buys-coinbase-robinhood"><span style="font-weight: 400;">$3.4 million</span></a><span style="font-weight: 400;"> worth of shares in the crypto exchange on Tuesday and another <a href="https://www.theblock.co/post/218709/ark-invest-loads-up-on-coin-adds-coinbase-shares">$20 million</a> on Thursday, Ark has added $29.8 million in Coinbase stock over the past week.</span></p> <p><span style="font-weight: 400;">Shares in Coinbase closed at $53.44 on Friday, down 8%, valuing the latest purchase at $6.38 million.</span></p> <p><img class="alignnone size-medium wp-image-219023" src="https://www.tbstat.com/wp/uploads/2023/03/COIN_2023-03-11_11-06-08-669x450.png" alt="COIN chart by TradingView" width="669" height="450" /></p> <p><a href="https://www.tradingview.com/symbols/NASDAQ-COIN/"><span style="font-weight: 400;"><span style="font-size: 8pt;">COIN chart by TradingView</span></span></a></p> <p><span style="font-weight: 400;">Crypto-related markets took a hit across the board this week following the collapse of crypto-friendly banks </span><a href="https://www.theblock.co/post/218223/silvergate-will-liquidate-bank-wind-down-operations"><span style="font-weight: 400;">Silvergate</span></a><span style="font-weight: 400;"> and </span><a href="https://www.theblock.co/post/218838/silicon-valley-bank-closed-by-california-regulator"><span style="font-weight: 400;">Silicon Valley Bank</span></a><span style="font-weight: 400;">.</span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>