Ark Invest has once again increased its stake in Coinbase stock worth $5.2 million

ChainCatcher message indicates that according to its latest trading documents, the ARK Innovation ETF (ARKK) purchased 29,353 shares of Coinbase Global Inc., valued at approximately $5.2 million based on Thursday's closing price. The ARKK fund also bought 143,855 shares of Robinhood, valued at $5.18 million.

Coinbase's stock price closed down 7.43% at $177.49. According to Google Finance, the stock price of this cryptocurrency exchange has fallen 31% year-to-date.