ARK Invest’s Ark Innovation ETF (ARKF) fund has just bought 158,000 shares of crypto exchange Coinbase for $5 million.
The purchase has coincided with the company’s share price falling to an all-time low of $31.83. Notably, the shares closed yesterday’s trading session up 6.9% to $34.78.
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These have recorded an 86% drop since the beginning of the year.
Brian Armstrong, the company’s CEO, has previously said FTX’s collapse has not affected Coinbase. However, he acknowledged last December 8 the platform’s annual revenue will be halved compared to 2021 due to the current market situation.
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Coinbase posted a net loss of $545 million in the third quarter of the year.
Источник: ru.ihodl.com