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ARK Buys Another $64 Million in Coinbase Shares, Sells $99.5 Million of Tesla Shares

Amy Liu

Summary: Cathie Wood’s ARK funds bought more shares of cryptocurrency exchange Coinbase Global Inc on Friday while selling shares of electric carmaker Tesla, according to the firm’s daily trade summary. ARK on Friday bought 187,078 shares of Coinbase, which debuted on the Nasdaq earlier this week, in a purchase worth nearly $64 million at the day’s ...

Cathie Wood’s ARK funds bought more shares of cryptocurrency exchange Coinbase Global Inc on Friday while selling shares of electric carmaker Tesla, according to the firm’s daily trade summary.

ARK on Friday bought 187,078 shares of Coinbase, which debuted on the Nasdaq earlier this week, in a purchase worth nearly $64 million at the day’s closing price of $342. It sold 134,541 shares of Tesla, valued at $99.5 million at Friday’s close. 

By Amy Liu

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Link: ARK Buys Another $64 Million in Coinbase Shares, Sells $99.5 Million of Tesla Shares   [Copy]
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