Investment manager ARK has added a total of around $13.2 million worth of Coinbase (COIN) shares, according to an investor email on Thursday.
Cathie Wood’s ARK Innovation ETF (ARKK) added 181,972 shares ($11.4 million) of Coinbase, which appears to be its single biggest COIN order of the year eclipsing the $9.2 million order earlier this month.
ARK also added 31,547 COIN shares ($1.93 million) to its Next Generation Internet ETF (ARKW).
Having lost around 86% its value in 2022, Coinbase stock began 2023 in bullish mode, more than doubling in value from around $34 to $81 in January, before pulling back somewhat this month.
COIN shares are up 2.45% at $62.68 in pre-market trading at the time of writing.
