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Ark Invest Increases Holdings in Coinbase, Bullish, and Robinhood Stocks
Summary: According to The Block, Ark Invest purchased 28,315 shares of Coinbase stock worth approximately $7.5 million on Tuesday as the market recovered from Monday's price plunge. Coinbase (COIN) is now the second-largest holding in the ARKK fund with a weight of 5.6% and a value of around $4.096 billion, second only to Tesla stock at ...
According to The Block, Ark Invest purchased 28,315 shares of Coinbase stock worth approximately $7.5 million on Tuesday as the market recovered from Monday's price plunge. Coinbase (COIN) is now the second-largest holding in the ARKK fund with a weight of 5.6% and a value of around $4.096 billion, second only to Tesla stock at $9.002 billion. Additionally, on Tuesday, as Bullish stock rose by 5%, Ark Invest also bought 42,434 shares of Bullish stock worth $1.8 million for its ARKK fund. Furthermore, the investment firm purchased an additional 1,951 shares of Robinhood stock (worth $245,000) for its ARKW fund.
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Link: Ark Invest Increases Holdings in Coinbase, Bullish, and Robinhood Stocks [Copy]
