Cathie Wood– led Ark Investment Management on Wednesday purchased 76,562 shares, approximated to be worth about $17.67 million, in Coinbase Global Inc ( NASDAQ: COIN) as the popular financier spoke at the extremely expected “The B Word” conference.

Shares of the cryptocurrency exchange closed 2.63% greater at $230.87 on Wednesday as Tesla Inc (NASDAQ: TSLA) CEO Elon Musk revealed at the conference that he independently owns cryptocurrencies.

Musk stated that he owns substantially more Bitcoin (CRYPTO: BTC) than Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE).

The New York- based financial investment company purchased the shares by means of the Ark Innovation ETF ( NYSE: ARKK) on Wednesday however likewise holds stakes in Coinbase by means of the Ark Fintech Innovation ETF (NYSE: ARKF) and the Ark Next Generation Internet ETF (NYSE: ARKW).

See Also: Bitcoin Crashing Below $30K Not Enough To Deter Cathie Wood — Ark Adds Another $31M In Coinbase, $3.4M In GBTC

Together, the 3 ETFs held 5.85 million shares, worth around $1.31 billion, in Coinbase since Wednesday’s trades

The New York- based Ark Invest likewise purchased 604,038 shares, approximated to be worth about $29.52 million, in sports wagering business DraftKings Inc (NASDAQ: DKNG).

Shares of the Boston, Massachusetts- based business closed 6.68% greater at $48.88 on Wednesday in the middle of the non fungible token (NFT) market launch.

The popular ETF cash supervisor released ARKK and ARKW to purchase the shares in DraftKings on Wednesday and likewise holds the stock by means of the Ark Fintech Innovation ETF ( NYSE: ARKF).

On a combined basis, Ark held 12.48 million shares, worth $571.99 million, in DraftKings, ahead of Thursday’s trade.

Ark Invest likewise purchased 133,258 shares, approximated to be worth about $47 million, inZoom Video Communications Inc ( NASDAQ: ZM) by means of ARKK and ARKW. No other Ark ETF holds shares in Zoom.

Zoom shares closed 0.8% lower at $352.97 on Wednesday.

Zoom is stepping up efforts to enhance phone existence and move beyond video-calling. It is amongst Wood’s bets that have actually succeeded throughout the rush to work and gain from house throughout the pandemic in 2015.

Together the 2 ETFs held 3.34 million shares, worth $1.18 billion, in Zoom since Wednesday’s trades.

Some of the other secret Ark Invest offers on Wednesday consisted of Tencent Holdings (OTC: TCEHY) and purchases consisted of JD Logistics Inc (OTC: JDLGF).

Photo by Marco Verch on Flickr



Source link .

Leave your vote

Comments

0 comments

Leave a Reply

Your email address will not be published. Required fields are marked *

close

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.