Ark Invest Splashs 47-M $ on Coinbase, BitMine shares after withdrawing the stock market in the United States star-news.press/wp

ARK Invest has expanded the Coinbase Coinbase Central Coinbase. This purchase of $ 47 million from shares related to encryption came on Friday, August 1, after the American stock market declined due to the weak economic data and the newly modified tariff policies.

Ark Invest renews the interest in Coinbase shares with a purchase of 30 meters

According to The latest commercial disclosure of the companyThe ARK Invest added a total of 94,678 shares (worth about $ 29.8 million) from Coinbase (Coin) via three of its money, including Ark Innovation ETF (Arkk), and Ark Next Internet ETF (Arkw), and Ark Fintech Innovation Etf (Arkf).

Interestingly, the asset manager, led by Cathy Wood, seized the opportunity to “buy a decrease” after the price of Coinbase fell by more than 16 % on Friday. Close the currency price at $ 314.69 a day, which represents one of the worst stock offers for one day.

Moreover, this strategic acquisition appears to be a complete reflection of the last ARK Invest’s direction of casting Coinbase. On Monday, July 28, Ark Next Internet ETF (Arkw) sold 18,204 shares from Coin (equivalent to about $ 7 million based on the closing price of the day of $ 379.49).

The Ark Invest has also increased its shares of indulgence techniques in a bomb photo (BMNR), with 540,712 shares (about $ 17 million) through three boxes on the same day. This purchase came against the background of the BMNR price decreased to more than 8 % to close at $ 31.68.

However, unlike Coinbase’s shares, ARK Invest has steadily added BitMine shares to its wallet over the past few weeks. On Monday, Asset Management Company bought more than $ 20 million in BNMR shares via ARKK, Arkw and ARKF boxes.

More importantly, the Ark Invest increased its website at BitMine by purchasing shares estimated at $ 182 million in the previous week. This increasing interest from Ark Invest comes amid a point rotation in the ether, becoming the largest company of the Treasury Department in ETH with 625,000 icons in holdings.

Currency price overview

As of the end of the trading hours on Friday, the price of Coinbase has about $ 314.69, which reflects a 16.7 % decrease per day. Although last week’s performance (approximately 20 % decrease) may have been wet on the mood of investors, it should be noted that the currency price increases by more than 50 % in the past three months.

Coinbase’s positive performance can be associated with improving the encryption market climate. Meanwhile, the currency stock has increased by 22 % so far this year.

The price of COIN on the daily timeframe | Source: COIN chart on TradingView

Distinctive image from Istock, tradingvief chart

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