Cathie Woods Ark Invest buys Coinbase coin worth $ 21.6 million

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Cathie Woods Ark Investment Management hat seine optimistische Haltung gegenüber Coinbase, der größten Kryptowährungsbörse in Amerika, verdoppelt. Die Investmentverwaltungsgesellschaft hat einen weiteren Stapel Coinbase (COIN)-Aktien gekauft, nachdem es durch die jüngste Klage der SEC gegen die Börse zu einem Preisverfall gekommen war. Erinnern Sie sich daran, dass die US-Börsenaufsicht SEC am Dienstag Coinbase verklagt hat, mit der Begründung, das Unternehmen habe es versäumt, sich als nationale Wertpapierbörse, Clearingstelle und Broker zu registrieren, obwohl es alle Funktionen erfüllt habe. Die Kommission warf dem Unternehmen außerdem vor, sein Staking-as-a-Service-Produkt nicht registriert zu haben und gegen Bundeswertpapiergesetze verstoßen zu haben. Die Klage der …
Cathie Woods Ark Investment Management has doubled his optimistic attitude towards Coinbase, the largest cryptocurrency exchange in America. The investment administration company bought another stack of coinbase (coin) shares after the recent complaint of the SEC against the stock exchange had caused a drop in prices. Remember that the US stock exchange supervision SEC sued Coinbase on Tuesday, on the grounds that the company had failed to register as a national securities exchange, clearing point and broker, even though it had fulfilled all functions. The commission also accused the company of not registering its staking-as-a-service product and violating Federal Working Act laws. The complaint of the ... (Symbolbild/KNAT)

Cathie Woods Ark Investment Management has doubled his optimistic attitude towards Coinbase, the largest cryptocurrency exchange in America. The investment administration company bought another stack of coinbase (coin) shares after the recent complaint of the SEC had caused a drop in prices.

remember that the US stock exchange supervision SEC sued Coinbase on Tuesday, on the grounds that the company had failed to register as a national securities exchange, clearing point and broker, even though it has fulfilled all functions. The Commission also accused the company of not registering its staking-as-a-service product and violating Federal Working Act.

The complaint of the SEC against Coinbase came within 24 hours after the authority initiated enforcement measures against Binance, the world's largest crypto exchange. Among the thirteen charges levied against the company included allegations of own trade, market manipulation and violations of securities laws.

ARK Invest buys Coin worth $ 21.6 million $

After the coin base lawsuit, Coin's price crashed. At the end of the US trade times on Tuesday, the share had broken down by more than 13 % and closed the trading day at $ 51.61.

According to the ARK Invest trading activities, the company bought 419,324 shares of Coinbase worth $ 21.6 million on Tuesday. The investment company divided the purchase on the ARK Innovation ETF, the Ark Next Generation ETF and the Ark Fintech Innovation ETF.

The trade activity of Cathie Wood and Ark Invest from today's 6.6 pic.twitter.com/5np2gczkwi

- Ark Invest Daily (@arkkdaily) 7. June 2023

The latest acquisition is the entire Coin stock from ARK to 11.44 million shares worth around $ 590 million.

Arks earlier coin purchases

Ark Invest can look back on declines when buying Coin, which are due to market conditions and regulatory problems. At the beginning of May, the investment company bought 168,869 Coinbase shares worth around $ 8.5 million after the shares were accused of 6.8 % due to the news of a class action lawsuit in which the stock exchange was accused of violations of data protection laws.

ARK acquired $ 304,300 in April of $ 17.5 million after it had bought 2.4 million shares for $ 117 million in the previous month. In addition, the company carried out several rounds of coin purchases in February and January.

Meanwhile, Ark Invest sold thousands of coinbase shares in March after a steady purchase series. On March 21, the company sold 160,887 coin stocks worth $ 13.5 million. The frequent coin purchases from ARK show that Wood supports the stock exchange relentlessly.

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