Cathie Wood’s ARK Invest Buys Over 170,000 Shares of Coinbase

By Chris Lange Published May 19, 10:59PM EDT

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Cathie Wood’s ARK Invest Buys Over 170,000 Shares of Coinbase — © SlavkoSereda / iStock via Getty Images

A couple of the ARK exchange-traded funds run by ETF star Cathie Wood made huge purchases on Wednesday. Accordingly these funds bought over 170,000 shares of Coinbase Global, Inc. (NASDAQ: COIN | COIN Price Prediction) shares on Wednesday, as the price of these ETFs dropped over 1% on Wednesday. Note that these ETFs are still up handily in the last year.

ARK Innovation ETF (NYSEARCA: ARKK) bought 133,848 shares of Coinbase, while ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 36,382 shares. At Wednesday’s closing price this would have valued this purchase at $38.3 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 75%, and ARKW is up 77% in the last year.

Check out all of ARK Invest’s buys for Monday:

Fund	Direction	Ticker	Company	Shares
ARKF	Buy	KSPILI	KASPI.KZ JSC	4,253
ARKG	Buy	SGFY	SIGNIFY HEALTH INC	23,140
ARKG	Buy	RXRX	RECURSION PHARMACEUTICALS INC	80,791
ARKG	Buy	RPTX	REPARE THERAPEUTICS INC	17,863
ARKG	Buy	ONEM	1LIFE HEALTHCARE INC	140,300
ARKG	Buy	MASS	908 DEVICES INC	31,995
ARKG	Buy	CSTL	CASTLE BIOSCIENCES INC	15,900
ARKG	Buy	CMIIU	CM LIFE SCIENCES II INC	2,407
ARKG	Buy	CDXS	CODEXIS INC	49,614
ARKK	Buy	ZM	ZOOM VIDEO COMMUNICATIONS INC	1,651
ARKK	Buy	TSLA	TESLA INC	43,065
ARKK	Buy	SQ	SQUARE INC	192,141
ARKK	Buy	PLTR	PALANTIR TECHNOLOGIES INC	66,857
ARKK	Buy	COIN	COINBASE GLOBAL INC	133,848
ARKQ	Buy	TSLA	TESLA INC	7,966
ARKQ	Buy	PATH	UIPATH INC	20,500
ARKQ	Buy	NIU	NIU TECHNOLOGIES	72,335
ARKQ	Buy	ACIC	ATLAS CREST INVESTMENT CORP	138,115
ARKW	Buy	COIN	COINBASE GLOBAL INC	35,382
ARKW	Buy	SQ	SQUARE INC	51,959
ARKW	Buy	TSLA	TESLA INC	18,477
ARKX	Buy	BLDE	BLADE AIR MOBILITY INC	53,797

Catherine Wood, the CEO and CIO of ARK Investment Management LLC is a minority and non-voting shareholder of 24/7 Wall St., LLC, owner of 247wallst.com.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.