Cathie Wood’s ARK Splash $3.2 Million On Buying Coinbase’s Dip

Cathie Wood’s ARK Invest has added another $3.2 million shares of crypto exchange Coinbase to its portfolio.

The investment firm now holds 5.8 million Coinbase shares of the $228 million in its tech-focused ARK Innovation ETF (ARKK).

Year to date, Coinbase is down nearly 84%. ARKK is down 64%.

Wood remains a staunch bitcoin bull personally holding around $7 million of the digital asset.

Speaking with Bloomberg in late November, after the collapse of FTX, Wood said that she still believes bitcoin will hit $1 million by 2030.

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