Ark Invest added $13.4 million to its shares in Coinbase during Friday's U.S. stock market crash "
According to online reports, Cathie Wood's three ETFs of Ark Invest added a total of 83,157 shares of Coinbase shares, or approximately US$13.4 million, during the U.S. stock market crash on Friday. The increase came at a time when Coinbase's share price fell by about 5% in the past week, and its market value fell below US$30 billion for the first time since September 2024. This is Ark Invest's second bargain hunting after March, after adding more than US$16 million in a single month.
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