Cathie Wood’s Ark Keeps Buying Coinbase Stock - Is She Being Clever or Stupid?

Cathie Wood, CEO of investment management firm ARK Invest, has acquired more shares of major cryptocurrency exchange Coinbase which has lost almost 90% of its value over the past year. The company purchased approximately $5.8 million worth of COIN stock on Thursday, split between the ARK Next Generation Internet (ARKW) and ARK Fintech Innovation ETF (ARKF) ETFs, with the former adding 27,813 COIN shares and the later 144,463 shares.... Read More: Cathie Wood’s Ark Keeps Buying Coinbase Stock - Is She Being Clever or Stupid?