Express

ARK Purchases More Coinbase Shares as COIN Prices Rise

Tris Bell

Summary: ARK has bought $2.5 million worth of Coinbase (COIN) shares, according to reports by CoinDesk. The crypto exchange, which accounts for 3.87% of ARK’s funds, is now the 12th largest holding for ARK. COIN was at $47.55 on Thursday, up 8.6% overnight—23% in the past month. Analysts predict that COIN will eventually reach a mean ...

ARK has bought $2.5 million worth of Coinbase (COIN) shares, according to reports by CoinDesk. The crypto exchange, which accounts for 3.87% of ARK’s funds, is now the 12th largest holding for ARK.

COIN was at $47.55 on Thursday, up 8.6% overnight23% in the past month. Analysts predict that COIN will eventually reach a mean price target of $61.46, according to data by FactSet.

Barclays analyst Benjamin Budish believes the next couple years will be challenging for Coinbase, as prices are likely to continue to rise.

Author: Tris Bell

Last Update:

Tags: ,,
Link: ARK Purchases More Coinbase Shares as COIN Prices Rise   [Copy]
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 1 day ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 3 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 4 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 5 days ago
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 8 days ago
  • You need to login to comment.