Cathie Wood’s investment management firm Ark Invest purchased an additional 74,792 shares of crypto exchange Coinbase (COIN), the company said on Thursday. Ark Invest also added 99,523 shares of Tesla (TSLA).
Cathie Wood has been actively buying COIN and TSLA shares in the last few weeks, pushing the shares to rise higher despite uncertainty in the global markets.
ARK Invest Buys Coinbase and Tesla Shares
Cathie Wood remains bullish on electric vehicles and cryptocurrencies, especially Bitcoin. Ark Invest founder Cathie Wood recently reiterated that Bitcoin price could hit $1 million by 2030.
Considering a recovery in the global market, ARK Invest is actively buying Coinbase, Tesla, and other shares showing signs of recovery. Ark Invest purchased 74,792 shares of Coinbase (COIN) and 99,523 shares of Tesla (TSLA) on January 11.
This marks the fourth purchase of Coinbase shares by Ark Invest since the start of the year. Thus, the company has added 280,824 shares of Coinbase in total, w
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