The Block· Timmy Shen·· 3h ago
Ark Invest Buys $2.44M of Coinbase Stock as Shares Plunge 9.69%
Original source: The BlockRead original
AI brief
Cathie Wood's Ark Invest purchased $2.44 million worth of Coinbase shares on Thursday, capitalizing on a 9.69% stock price drop during a broader market sell-off. This contrarian move highlights continued institutional confidence in the crypto exchange despite the market downturn.
Source: The Block · theblock.co
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