The logo of Coinbase Global Inc, the largest US cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others in Times Square in New York, US, April 14, 2021. REUTERS / Shannon Stapleton
Famed stock seller Cathie Woods’ ARK funds bought more shares of Coinbase (COIN.O) worth $ 110 million a day following the cryptocurrency exchange’s Nasdaq debut, according to the company’s daily trading review on Thursday.
ARK, which gained notoriety among retail investors last year, bought a total of 341,186 shares across three funds on Thursday, worth $ 110 million at its closing price of $ 322.75 on Thursday.
That added to 749,205 bought according to the Wednesday warning, or $ 245.9 million at the close of $ 328.28 on Wednesday.
The added funds were its flagship ARK Innovation Fund Ark Innovation ETF (ARKK.P), its Next Generation Internet ETF (ARKW.P) and Fintech Innovation ETF (ARKF.P).
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