ARK Invest Buys Back Over $7 Million in Coinbase Stock

Cathie Wood's ARK Invest purchased over 41,000 shares of Coinbase (COIN) on Tuesday for nearly $7 million.

The fund added 29,689 shares to its flagship ARK Innovation ETF (ARKK), as well as smaller amounts to other funds.

This purchase comes after the fund sold COIN stock worth $22 million earlier this month and bought shares of Bullish (BLSH).

COIN's stock has been rising since Friday, despite bearish calls from Wall Street following Coinbase's post-earnings report last week.