Investment manager ARK has added a total of around $13.2 million worth of Coinbase (COIN) shares.

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

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.  

Ark Invest, the investment house led by Cathie Wood, bought another 162,325 shares in crypto exchange Coinbase (COIN) last Friday, according to an investor email seen by Decrypt.

Cathie Wood is back to buying up shares of Coinbase (COIN), after a nearly month-long break, as ARK disclosed it had purchased 162,325 shares of COIN on Friday.

Ark Invest added a massive 139,105 Coinbase shares (worth $7,941,504.45) to its portfolio on Friday, alongside a substantial purchase of 263,504 Robinhood shares (worth $2,629,769.92).

Cathie Wood and the team at Ark invest have just published their annual Big Ideas for 2023. And this report covers all the best in disruptive innovation, from artificial intelligence to space to all things crypto.

Bitcoin is the greatest form of defense against wealth confiscation and an insurance policy for the developing world, according to ARK Invest CEO Cathie Wood.