Cryptocurrency platform Coinbase Global Inc had one of the biggest public listings of all time when it went public via direct listing in April 2021. What Happened: Coinbase went public on April 14, 2021. Many analysts believed in a long-term success story for Coinbase.
Cathie Wood-led Ark Investment Management on Wednesday further raised its exposure in Coinbase Global Inc on the day shares of the cryptocurrency exchange crashed after it reported a first-quarter loss and a significant drop in trading volume. St. Petersburg, Florida-based Ark Invest scooped up 546,579 shares, estimated to be worth $29.4 million, in Coinbase.
Cathie Wood-led Ark Investment Management on Monday scooped up more shares in cryptocurrency-linked companies Coinbase Global Inc and Block Inc on the dip. The popular money manager bought 72,339 shares, estimated to be worth $6.04 million, in Coinbase. Shares of the cryptocurrency exchange platform closed 19.5% to $83.5 on Monday.
Cathie Wood-led Ark Invest Management on Monday sold most of its remaining stake in Twitter Inc , just days after Tesla Inc CEO Elon Musk raised about $7 billion to help fund his $44 billion take-private deal of the microblogging site. St. Petersburg, Florida-based Ark Invest sold 135,163 shares in Twitter, estimated to be worth $6.48 million, as of their last close.
Cathie Wood-led Ark Investment Management on Thursday scooped up more shares in cryptocurrency-linked companies Robinhood Markets Inc, Coinbase Global Inc and Block Inc on the dip. The popular money manager bought 255,670 shares -- estimated to be worth $2.7 million -- in Robinhood.
Cathie Wood-led Ark Invest Management on Thursday sold a bulk of the shares it held in Twitter Inc on the day Tesla Inc CEO Elon Musk secured $7.14 billion from 19 investors to fund his $44 billion purchase of the microblogging site. St. Petersburg, Florida-based Ark Invest sold 874,926 shares, estimated to be worth $44 million, held in the social media company.
Cathie Wood-led Ark Investment Management lowered exposure to Tesla Inc on Wednesday when its stock fell in regular trading hours and piled up more shares in the cryptocurrency-linked fintech Coinbase Global Inc on the dip. The popular money managing firm sold 67,884 shares, estimated to be worth $66.3 million, in the Elon Musk-led electric vehicle company.
Cathie Wood-led Ark Investment Management on Tuesday sharply trimmed its Twitter Inc stake as the microblogging site faces buyout bids from Tesla Inc CEO Elon Musk and other private equity firms. The St. Petersburg, Florida-based money managing firm sold 114,576 shares, estimated to be worth $5.28 million, in the social media company.
Ark Invest, the fund run by Cathie Wood, has been gradually trimming its position in Twitter, Inc. since the start of the year. What Happened: Ark Invest has been scaling back its Twitter holdings ever since co-founder Jack Dorsey gave up the role of CEO, Wood said in an interview with CNBC.
Cathie Wood's Ark Investment Management on Monday lowered its exposure to Twitter Inc, a day after billionaire entrepreneur and Tesla Inc CEO Elon Musk decided not to join the microblogging company's board. Ark Investment sold 185,900 shares, estimated to be worth $8.74 million, in the social media company. Twitter stock closed 1.7% higher at $47 a share on Monday and is up 10.2% so far this year.
Ark Investment Management, led by Bitcoin bull Cathie Wood, on Wednesday bought more stake in cryptocurrency exchange Coinbase Global Inc . The stock-picking firm bought 96,591 Coinbase shares, estimated to be worth $18.9 million based on Wednesday's closing price.
Ark Investment Management, led by Bitcoin bull Cathie Wood, on Friday raised its exposure in cryptocurrency-linked fintech stock Coinbase Global Inc on the dip. The popular investment firm bought 162,291 shares -- estimated to be worth $30.3 million based on Friday's closing price -- of Coinbase.
Cathie Wood-led Ark Investment Management on Monday lowered its exposure in Block Inc , the money manager's first selling of the crypto-linked fintech stock this year. The popular investment firm sold 281,910 shares -- estimated to be worth $38 million as of their last close -- in the Jack Dorsey-led financial services and digital payments company.
Cathie Wood-led Ark Investment Management on Friday further raised its exposure in the Canadian e-commerce company Shopify Inc and 3D-printing technology firm Velo3D Inc . The popular stock-picking firm bought 12,864 shares -- estimated to be worth $7 million based on Friday's closing price -- in Shopify, the company founded and run by billionaire Tobias Lütke.
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