So, Cathie Wood and her band of merry investors over at Ark Invest, in a bold move that can only be described as “because why not?”, decided to buy a cool 84,514 shares of Coinbase on Monday. In case you’re wondering, that’s around $13.3 million. Yes, million. You know, just a casual Monday morning. I imagine Cathie sitting back, sipping a latte, and thinking, “I’ll just snag these before the rest of the market realizes they’re on sale.”
These shares were split between two of Ark’s ETFs, because apparently diversification is still a thing. The ARK Next Generation Internet ETF (ARKW) picked up 64,806 shares, while the ARK Fintech Innovation ETF (ARKF) decided to go for a smaller slice, buying 19,708 shares. After this risky little shopping spree, Coinbase now holds the second spot in ARKF, accounting for 7.65% of the portfolio. As for ARKW, Coinbase sits comfortably in the fourth spot at 5.92%. Seems like Ark’s not too worried about the whole “market downturn” thing. Must be nice to have that kind of confidence in crypto.
Honestly, I’m starting to think Ark might just be playing 3D chess while the rest of us are stuck in checkers. But hey, who am I to judge? Let’s all sit back and watch as Cathie Wood continues to make moves that would make the rest of us sweat. 🤷♂️💸
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2025-04-08 08:37