ARK Invest Doubles Down on Crypto with $9.4 Million Coinbase and Circle Purchase

ARK Invest, led by Cathie Wood, has purchased approximately $9.4 million worth of shares in Coinbase Global (COIN) and Circle Internet Group.

The transactions were executed on an unspecified date and include $8 million in COIN stock and $1.4 million in Circle Internet Group shares.

This move signals a continued bullish stance on the digital asset sector despite recent market volatility, according to The Block report.

ARK Invest's buy orders were executed across its flagship ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW), both of which have historically maintained significant positions in Coinbase.