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Ark invest, Cathie Wood is an investment management company, added a greater number of coins to the fund portfolio, continued purchases in March following large purchases in February. COINBASE (COIN) shares look attractive after it launched Base, an Ethereum Layer-2 blockchain, and acquired One River Digital Asset Management.
On March 2, Ark Invest bought a total of 36,492 Coinbase shares (COIN), with the price still falling by almost $58. Cathie Wood's Ark Invest acquired 31,348 Coinbase shares in her ARK Innovation ETF (ARKK) and 5,144 Coinbase shares in the ARK Next Generation Internet ETF (ARKW), based on transactions CoinGape has seen.
On March 3, Ark Invest buys a total of 119,543 Coinbase (COIN) shares as the firm acquired One River Digital Asset Management. Cathie Wood's Ark Invest acquired 103,148 core shares for her Ark Innovation Etf (arkk) and 16,395 core shares for Ark Next Generation Internet Etf (arkw).
This follows large-scale purchases in February against a backdrop of renewed interest in coins. Ark Invest acquired a total of 722,942 shares (coinage) in February. Cathie Wood's funds are up again this month, following a markedly stronger performance in January.
Recently, Cathie Wood reiterated her bullish stance on BitcoinEthereum, saying both top cryptocurrencies are “on the right track.” She is also confident about the rebound in Tesla shares (TSLA), despite the fact that there is no share purchase in February.
Coinbase (coin) share prices rose 8 per cent this week, peaking at $66.69. The price of the coin ended 1.27 per cent higher at $64.51 on Fridays. During this time, the price of the coin changes to $64 in market hours.
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- Cathie Wood's Ark Invest
- United States
