Ark funds, managed by celebrity stockpicker Cathie Wood, bought shares of Coinbase worth $110 million, a day after the cryptocurrency exchange’s Nasdaq debut, according to the firm’s daily trade summary on Thursday.
ARK, which gained prominence last year among retail investors, on Thursday bought a total of 341,186 shares across three funds at Thursday’s $322.75 close.
That added to 749,205 purchased according to its Wednesday alert, or $245.9 million at Wednesday’s $328.28 close.
The funds added to were its flagship ARK Innovation fund Ark Innovation ETF, its Next Generation Internet ETF and Fintech Innovation ETF.
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