Ark Invest increased its holdings of Coinbase stock by over $20 million through two funds

ChainCatcher news, Cathie Wood's asset management company Ark Invest continues to increase its holdings in Coinbase stock within its funds, adding another $20.5 million yesterday after increasing its position on Wednesday.

According to its latest trading documents, Ark Invest added 301,437 shares of Coinbase stock to its Ark Innovation ETF and 52,525 shares to the Ark Next Generation Internet fund. Shares of the cryptocurrency trading platform Coinbase closed down 7.8% at $58.09 on Thursday. Based on the closing price, Ark Invest's recent acquisition cost was approximately $20.5 million. (source link)