{"id":74078,"date":"2023-02-14T15:19:48","date_gmt":"2023-02-14T13:19:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74078"},"modified":"2025-09-09T18:03:44","modified_gmt":"2025-09-09T15:03:44","slug":"ark-invest-buys-more-coinbase-shares-worth-about-6-7-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ark-invest-buys-more-coinbase-shares-worth-about-6-7-million\/","title":{"rendered":"ARK Invest buys more Coinbase shares worth about $6.7 million"},"content":{"rendered":"

ARK Invest Cathy Wood \u0434\u043e\u0431\u0430\u0432\u0438\u043b\u0430<\/a> \u0432 \u043f\u043e\u0440\u0442\u0444\u0435\u043b\u044c 16,414 \u0430\u043a\u0446\u0438\u0439 \u043a\u0440\u0443\u043f\u043d\u0435\u0439\u0448\u0435\u0439 \u0430\u043c\u0435\u0440\u0438\u043a\u0430\u043d\u0441\u043a\u043e\u0439 \u0431\u0438\u0442\u043a\u043e\u0438\u043d-\u0431\u0438\u0440\u0436\u0438 Coinbase.<\/p>\n

The shares were acquired by two of the firm’s structures \u2014 Ark Innovation ETF and Ark Next Generation Internet ETF. Based on the close on February 13, the purchase was about $6.7 million.<\/p>\n

Coinbase’s shares have fallen since the start of the month amid rumors of allegations<\/a> SEC<\/span> against Coinbase’s staking<\/a> program.<\/p>\n

\"ARK
Intraday Coinbase chart on the Nasdaq. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

CEO Brian Armstrong said he is prepared to defend<\/a> the service’s legality in court.<\/p>\n

On February 10 it emerged that Coinbase’s rival Kraken settled the charges filed by the SEC. The exchange agreed to shut down its staking program and pay a $30 million fine<\/a>.<\/p>\n

In February, Cathy Wood’s firm already bought a stake in Coinbase worth around $9.27 million<\/a>.<\/p>\n

In October 2022 ARK Invest bought<\/a> the exchange’s shares for the first time since June. In November, the firm’s structures spent another $21.4 million<\/a>, in December \u2014 $3 million<\/a> and $5 million<\/a>.<\/p>\n

In April 2021 Coinbase went public via \u043f\u0440\u044f\u043c\u043e\u0439 \u043b\u0438\u0441\u0442\u0438\u043d\u0433 \u043d\u0430 Nasdaq<\/a>. On the first day of trading, shares closed at $328.28 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"

ARK Invest\u2019s Cathy Wood added 16,414 Coinbase shares to the portfolio.<\/p>\n","protected":false},"author":1,"featured_media":74079,"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-74078","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":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74078","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=74078"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74078\/revisions"}],"predecessor-version":[{"id":74080,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74078\/revisions\/74080"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/74079"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}