Cathie Wood Continues to Buy Coinbase Shares
Quote from Ndubuisi Ekekwe on January 4, 2023, 9:50 PMCathie Wood likes the US largest crypto exchange, spending extra $5.5 million for more units.
There’s no stopping Ark Invest, the investment house led by Wall Street veteran Cathie Wood, from pursuing its long-time dip-buying strategy as the firm snapped up another 158,116 shares of Coinbase shares (COIN) on Thursday. The purchase is worth almost $5.5 million based on COIN’s price of $34.78 at the closing bell.... The move comes shortly after shares of America's leading cryptocurrency exchange fell to a new all-time low of $31.86 per share on December 28 before rebounding almost 7% on Thursday.
Cathie Wood likes the US largest crypto exchange, spending extra $5.5 million for more units.
There’s no stopping Ark Invest, the investment house led by Wall Street veteran Cathie Wood, from pursuing its long-time dip-buying strategy as the firm snapped up another 158,116 shares of Coinbase shares (COIN) on Thursday. The purchase is worth almost $5.5 million based on COIN’s price of $34.78 at the closing bell.... The move comes shortly after shares of America's leading cryptocurrency exchange fell to a new all-time low of $31.86 per share on December 28 before rebounding almost 7% on Thursday.