Cathie Wood Buys More Coinbase

Cathie Wood ARK’s Fintech Innovation Fund (ARKF) has bought more than 10,000 shares of Coinbase.

The new shares brings the fund’s Coinbase to holdings to $60.5 million or roughly 8% of the fund’s weight.

In August, ARK reduced its holdings of the stock with Chief Investment Officer Cathie Wood citing a SEC probe into the crypto exchange.

Both Wood and ARK generally remain quite bullish on Coinbase and crypto in general.

Filings show that ARK has 7.7 million shares of COIN, and added around 2 million shares to its holdings throughout the last year.

During a recent appearance on Peter McCormack’s "What Bitcoin Did" podcast, Wood said she purchased $100,000 worth of bitcoin (BTC) when it was trading at $250 and hasn’t sold since.

It’s estimated that her personal holdings of BTC are now worth $7.6 million at current market prices.

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