Cathie Wood's Ark Invest scoops up $13 million in Coinbase stock, its largest purchase of the crypto exchange this year
of Coinbase stock on Wednesday, notching its largest single-day buy in the cryptocurrency exchange so far this year.
Ark's combined Coinbase holdings are worth roughly $557 million, with the investment firm having a 4.58% stake in the company. Share of Coinbase are up 3.66% at $63.4 on Thursday. The company's stock has been on a tear, surging 82% year-to-date amid a broader rally in the tech sector.
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