Coinbase Shares Declined 50% From All-Time High, Stock Follows Bitcoin’s Ups and Downs
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Roughly nine months ago, Coinbase’s initial public offering (IPO) via a direct listing on Nasdaq launched, and shares swapped for $342 per share on April 16, 2021. Since then, Coinbase shares have…
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Amid a market-wide 1.24% dip in the cryptocurrency market, Cathie Wood’s Ark Invest has decided to expand its crypto-linked equities. Ark Invest specifically targeted shares of Coinbase, Circle, and Bullish as the prices of these entities dropped in the market. As per Ark’s trade disclosure, the investment manager acquired a…
During the bloodbath that plagued financial markets on Monday, Cathie Wood’s investment management firm Ark Invest loaded up on shares of the largest American cryptocurrency exchange, Coinbase, ending months of selling the stock. According to a tweet from Ark Invest outlining its trade activity for August 5, the company purchased…