Often mentioned by many people, Cathie Wood, the founder and CEO of Ark Invest is now reported to have bought 297,000 shares of Coinbase (COIN) worth $11.9 million and 75,000 shares of Tesla Inc.
Wood has always dared to take his golden opportunity to buy a number of COIN shares that have recently shrunk to an all-time low of $40 even though the crypto market is currently exhibiting volatile movements.
Earlier, COIN shares traded at the $400 price level, but the performance could not be maintained in the next few months when the bear market occurred and not to be forgotten, the stock also continuously declined 90% compared to its peak.
For context, he is a staunch supporter of cryptocurrency who has bought COIN shares several times with a total of 5.7 million shares for his founding company Ark Invest.
In addition to being a strong supporter of crypto, Wood also saw deep interest in Tesla by buying $11.7 million worth of its stock even though it had plunged significantly to $156.
It is also understood that the crypto exchange company was the first high-profile business to be publicly listed for trading on the Nasdaq last year.
