Cathie Wood-led Ark Investment Management on Wednesday further raised its exposure in Coinbase Global Inc (NASDAQ: COIN) as it scooped up 17,382 shares, estimated to be worth $1.19 million, in the cryptocurrency exchange.
Shares of the cryptocurrency exchange platform closed 12.1% lower at $68.6 on Wednesday. The stock is down 72.6% year-to-date.
Coinbase allows the trading of cryptocurrencies such as Bitcoin (CRYPTO: BTC:), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE).
Bitcoin, the …
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