Cathie Wood-led Ark Investment Management on Monday scooped up more shares in cryptocurrency-linked companies Coinbase Global Inc (NASDAQ: COIN) and Block Inc (NYSE: SQ) on the dip.
The popular money manager bought 72,339 shares, estimated to be worth $6.04 million, in Coinbase.
Shares of the cryptocurrency exchange platform closed 19.5% to $83.5 on Monday.
Coinbase is set to report its first-quarter earnings on Tuesday after the bell. The cryptocurrency exchange had earlier warned investors to expect lower trading volumes and monthly transacting users, …
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