Ark Invest bought $2.44 million worth of Coinbase ($COIN)
Original headline코인베이스($COIN) 244만달러 매수한 아크인베스트
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Ark Invest bought $2.44 million of Coinbase ($COIN) stock on the 5th while selling 109,522 Bullish ($BLSH) shares (~$2.27 million) and 119,841 Bitmine ($BMNR) shares (~$2.28 million), per The Block. The trades came as Coinbase fell 9.69% and both Bullish and Bitmine dropped more than 10% on the day. The purchases are in listed equities, not direct crypto exposure, so buying Coinbase stock does not equate to buying bitcoin. The rotation signals Cathie Wood's firm is adding to its Coinbase position while trimming two other crypto-linked names amid a broad selloff.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
ARK Invest, Coinbase (COIN), Bullish, Bitmine, Cathie Wood
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