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Cathie Wood invests some $12 million in Coinbase shares

Photo of Flavien FlavienDecember 15, 2022
Less than a minute
Cathie Wood invests some $12 million in Coinbase shares

The dip-buying spree continues over at Ark Invest, technological fund led by Cathie Wood.
At the beginning of the FTX debacle, Cathie Wood saw an opportunity with FTX’s competitor Coinbase and bought $12.1 million worth of shares on Nov. 9, then spent around $13.5 million on Nov. 18. On Dec. 9, Ark Invest bought around $3.2 million of shares, and according to Bloomberg she re-upped with another $12 million investment.
Ark Invest also bought around 75,000 shares of Tesla Inc. for an approximate $11.7 million while Tesla’s own CEO sold around $3.6 billion of TSLA shares.

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Photo of Flavien FlavienDecember 15, 2022
Less than a minute
Photo of Flavien

Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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