Amid the April 6–7 crash, Ark Invest bought 84,514 shares of Coinbase worth $13.3 million. COIN had dropped 9%, and the fund jumped on the opportunity
The purchase was made through ARKW and ARKF, where Coinbase is now the second-largest holding
Interestingly, at the same time, Ark sold $12.4 million worth of its bitcoin ETF — ARKB
This isn’t the first time the company has bet on COIN during a dip