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Cathie Wood's ARK Invest Buys Almost $6M of COIN, Sells Silvergate Stock
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The firm sold about $5 million of Silvergate Capital shares.
Cathie Wood's Ark Invest grabbed another $5.8 million of Coinbase (COIN) shares on Thursday, as she continues to show confidence in the crypto exchange even as its share price falls. It closed down 11% on Thursday at $33.53. It fell almost 90% in 2022.
ARK's ARKW fund, or ARK Next Generation Internet ETF, bought 27,813 COIN shares and ARKF, or ARK Fintech Innovation EFT, bought 144,463 shares.
The firm was less sanguine on Silvergate Capital (SI), whose shares slumped 43% Thursday after the crypto bank said it was reducing headcount by 40% and writing off the $196 million related to its acquisition of the technology and assets of Diem Association from Facebook parent Meta Platforms (META). ARKF sold more than 400,000 shares, a value of about $5 million based on the day's closing price.
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple
Cathie Wood's Ark Invest grabbed another $5.8 million of Coinbase (COIN) shares on Thursday, as she continues to show confidence in the crypto exchange even as its share price falls. It closed down 11% on Thursday at $33.53. It fell almost 90% in 2022.
ARK's ARKW fund, or ARK Next Generation Internet ETF, bought 27,813 COIN shares and ARKF, or ARK Fintech Innovation EFT, bought 144,463 shares.
The firm was less sanguine on Silvergate Capital (SI), whose shares slumped 43% Thursday after the crypto bank said it was reducing headcount by 40% and writing off the $196 million related to its acquisition of the technology and assets of Diem Association from Facebook parent Meta Platforms (META). ARKF sold more than 400,000 shares, a value of about $5 million based on the day's closing price.
#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #coinbase #coinbasenews #coinbasenewstoday #arkinvest #arkinvestnews #arkinvestnewstoday #cathiewood #cathiewoodnews #cathiewoodnewstoday #coin #coinnews #coinnewstoday #silvergatecapital #silvergatecapitalnews #silvergatecapitalnewstoday
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple
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