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Cathie Wood’s Ark Invest Goes All In on Coinbase: Is it Worth the Investment?

In short: Ark Investment Management has purchased an additional $21.6m worth of Coinbase stock after the recent Securities and Exchange Commission (SEC) lawsuit caused a price dip in the company’s shares. The purchase was split across three of Ark's funds, bringing its total holdings in Coinbase to 11.44 million shares valued at around $590m. Ark Investment has a track record of buying Coinbase dips after market volatility and regulatory issues, with the latest acquisition adding to several other purchases made in previous months.

Our quick analysis:
Cathie Wood’s Ark Investment Management has made headlines once again after doubling down on its support for Coinbase, America's largest cryptocurrency exchange. Despite the recent SEC lawsuit and significant price dip, the investment management firm purchased another pile of Coinbase (COIN) stock. It seems that nothing can deter Wood’s bullish stance on the exchange.

Coinbase Sued by SEC

The SEC's lawsuit against Coinbase involved allegations that the firm failed to register as a national securities exchange, clearing agency, and broker. The commission also accused the company of violating securities laws and not registering its staking-as-a-service product. These allegations led to a significant price dip for Coinbase's stock.

Ark Invest Dips Its Toes into Coinbase

Despite the SEC lawsuit, Ark Invest saw an opportunity to purchase a massive amount of Coinbase stock, worth $21.6 million. It split the purchase across three funds, the ARK Innovation ETF, ARK Next Generation ETF, and ARK Fintech Innovation ETF. With this latest purchase, Ark Invest now has a total of 11.44 million COIN shares, valued at approximately $590 million.

Ark Invest's previous purchases of COIN's dips amid market conditions and regulatory issues add to the firm's credibility as a calculated and strategic investor. With Wood's unrelenting bullish support for the exchange, it's no wonder that the firm is willing to take such a significant risk.

Is Coinbase Worth the Investment?

It's essential to keep in mind that investing in cryptocurrency and exchanges is a risky endeavor. However, with Coinbase's position as the largest cryptocurrency exchange in America, it's undoubtedly worth considering.

As with any investment, it's crucial to conduct thorough research and analyze market conditions and regulatory issues. It seems that Ark Invest is up to the challenge and willing to take the risk, confident that Coinbase will overcome any obstacles.


Despite the recent SEC lawsuit and price dip, Cathie Wood's Ark Investment Management and its $21.6 million purchase of Coinbase (COIN) stock indicate a bullish stance on the exchange. While cryptocurrency investments come with significant risks, investing in Coinbase and its market-dominating position offer potential rewards worth considering.

Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.

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