{"id":69800,"date":"2022-11-09T14:26:47","date_gmt":"2022-11-09T12:26:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69800"},"modified":"2025-09-07T22:09:04","modified_gmt":"2025-09-07T19:09:04","slug":"ark-invests-kathy-wood-increases-coinbase-stake-by-21-4-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ark-invests-kathy-wood-increases-coinbase-stake-by-21-4-million\/","title":{"rendered":"ARK Invest&#8217;s Kathy Wood Increases Coinbase Stake by $21.4 Million"},"content":{"rendered":"<p>ARK Invest funds<a href=\"https:\/\/ark-funds.com\/ark-trade-notifications\/\"> acquired<\/a> a total of 420,949 Coinbase shares for $21.4 million.<\/p>\n<p>The purchase was distributed as follows:<\/p>\n<ul class=\"wp-block-list\">\n<li>Flagship fund Ark Innovation ETF (ARKK) \u2014 330 461 shares;<\/li>\n<li>Next Generation Internet (ARKW) \u2014 54 466;<\/li>\n<li>Fintech Innovation (ARKF) \u2014 36 022.<\/li>\n<\/ul>\n<p>Coinbase shares closed on November 8 down 10.8% amid <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-sinks-below-20000\"> a Bitcoin crash<\/a> of 10%.<\/p>\n<p>In premarket trading, the stock is valued at $48.50, 4.6% below Tuesday&#8217;s close. The first cryptocurrency<a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-slides-to-18000-as-ethereum-hits-1300\"> is down 5%<\/a>. Since the start of the year, Coinbase&#8217;s shares have fallen by 80%.<\/p>\n<p>Earlier in October, Kathy Wood of ARK Invest <a href=\"https:\/\/u1f987.com\/en\/news\/ark-invests-kathy-wood-buys-coinbase-shares-for-first-time-since-june\"> bought<\/a> Coinbase shares for the first time since June.<\/p>\n<p>The Bitcoin exchange&#8217;s net loss in the third quarter of 2022<a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-nearly-halves-losses-in-q3\"> amounted<\/a> to $545 million <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-posts-loss-twice-as-large-as-forecasts\"> compared with $1.1 billion<\/a> in the previous period.<\/p>\n<p>Earlier, Coinbase CEO Brian Armstrong<a href=\"https:\/\/u1f987.com\/en\/news\/brian-armstrong-says-the-ftx-crisis-has-no-impact-on-coinbase\"> ruled out<\/a> the impact of the FTX crisis on the platform.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ARK Invest funds purchased a total of 420,949 Coinbase shares for $21.4 million.<\/p>\n","protected":false},"author":1,"featured_media":69801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1218,138,1211],"class_list":["post-69800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ark-invest","tag-coinbase","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=69800"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69800\/revisions"}],"predecessor-version":[{"id":69802,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69800\/revisions\/69802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69801"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}