Cathie Wood's Ark Invest continues to add Coinbase shares to its funds, following up Wednesday's additions with another estimated $20.5 million purchase yesterday. 

On-chain data provider Glassnode recently reported that nearly 40,000 Bitcoins from wallets linked to the US Government law enforcement seizures are currently on the move.

Ark Invest added to its stockpile of shares in exchanges Coinbase and Robinhood yesterday.

Cathie Wood, founder and CEO of American investment management firm Ark Invest has praised Bitcoin and Ethereum, noting that despite suffering sharp price drops following the collapse of FTX, they were both “on the right track.”

Speaking with CNBC on Monday this week, Cathie Wood, the CEO of asset management firm Ark Invest, praised Bitcoin in particular for being the most decentralized and transparent blockchain in the crypto space. She also made comparisons with the disgraced FTX founder Sam Bankman-Fried, and said there are obvious reasons why he preferred other blockchains over Bitcoin.

Investment manager ARK has added a total of around $13.2 million worth of Coinbase (COIN) shares, according to an investor email on Thursday.

Feb. 13: ARKK Buy COIN 102,281

Cathie Wood on Saturday said growth stocks and innovation-based strategies will recover the lost gains as the “brutal interest rate increase” by the U.S. Federal Reserve comes near to an end.

Cathie Wood’s investment management firm Ark Invest continues stacking Coinbase (COIN) stock amid the latest cryptocurrency market decline.

Cathie Wood's Ark Invest is keen on Coinbase right now, following up last week's purchase with another estimated $6.7 million yesterday.