ARK Investment buys Coinbase shares worth $8.6M

April 25, 2023

in Crypto

Reading Time: 2 mins read

Ark Invest Management has acquired over 157,000 Coinbase (COIN) shares for $8.6 million — its second buy order after selling in March.

The investment fund’s purchase is amid a string of poor price performance for the exchange’s stock. Tradingview data shows COIN fell 15% over the last 30 days and 23% in the previous five days.

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ARK Investment buys Coinbase shares worth $8.6M

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ARK Investment buys Coinbase shares worth $8.6M

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