Cathie Wood Watch: Ark Buys Coinbase After Rout

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The Street

By Dan Weil It also purchased a 3D printing company and sold a major digital entertainment company. Cathie Wood, chief executive of Ark Investment Management, traded familiar names Thursday, purchasing a cryptocurrency exchange and selling a digital entertainment company. All the valuations below are as of Thursday’s close. Ark funds bought a whopping 546,579 shares of Coinbase (COIN) the largest U.S. cryptocurrency exchange, valued at $29.3 million. The stock has cratered in recent days amid the weakness in cryptocurrencies. It has dropped 83% year to date. Wood frequently doubles down on her…

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