.ARKInvest continues to load up on coinbase stock with a $3.28 million buy. By thesamreynolds.
ARK has added 74,792 shares of Coinbase to the ARK Innovation ETF , according to an investor email on Thursday.
The shares purchased were worth around $3.28 million, based on Coinbase's last closing price of $43.79 on Wednesday. At the time of writing, the shares were up around 3% at $44.7 in pre-market trading.the tech investment fund made a $1.45 million purchase of the crypto exchange’s shares, adding 33,756 shares of COIN to the treasury of ARKK.Shares of Coinbase have risen nearly 26% over the last five days as the exchange cuts costs and reduces headcount.
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