Stock in Coinbase keeps on falling, but it hasn’t deterred one of the cryptocurrency exchange’s largest shareholders—Cathie Wood‘s ARK Invest.
As Coinbase stock (ticker: COIN) tumbled 13% over the past two weeks, the popular fund company snapped up more than 1.2 million additional shares, lifting its total holdings by more than 40% to 4.2 million shares as of Thursday. Based on Coinbase’s current price, those shares are worth roughly $965 million.
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