ARK turns bullish on Coinbase again with $15M purchase after selling spree
ARK Invest has resumed its bullish stance on Coinbase by purchasing $15 million worth of shares after a recent selling spree. This acquisition comes after ARK had previously sold a significant portion of its Coinbase holdings. The investment firm, led by Cathie Wood, believes in the long-term potential of the cryptocurrency exchange despite market volatility. The renewed interest reflects ARK's strategy of capitalizing on price dips in high-growth tech stocks.
Read the full article: Coin Telegraph