ARK Invest Purchases 199,401 Coinbase Shares for $31.51 Million
Investment manager ARK Invest has acquired 199,401 shares of Coinbase (COIN) in the past three days, totaling approximately $31.51 million at closing prices. The purchases include:
- 83,157 shares on Friday
- 84,514 shares on Monday
- 31,730 shares on Tuesday
Current valuation stands at about $29.3 million based on Tuesday's close. ARK aims to keep individual holdings below 10% of an ETF's total value. Coinbase shares have declined over 15% in the last week due to market downturns influenced by U.S. import tariffs.
Current performance metrics include:
- BTC down approximately 8% from last week
- S&P 500 and Nasdaq both down over 10%