ARK Invest Cathie Wood bought Coinbase for $13.3 million amid market crash

On April 7, when global markets collapsed, Cathie Wood did not panic — ARK Invest acquired 84,514 shares of Coinbase for $13.3 million through the ARKW and ARKF funds.

At the same time, ARKW sold shares of the Bitcoin ETF ARKB for $12.4 million. Interestingly, at that time, Coinbase was in the top 4 assets of ARKW and top 2 in ARKF.

COIN price: $157.28 (-2.04% over the day), but already in premarket — +1.58%.

Bitcoin: after falling to $74,300, a rebound to $79,083 (+3.6% over the day).

While some panicked — others bought.#VoteToListOnBinance $BTC