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.
