Cathie Wood Buys More Coinbase Amid Crypto Plunge

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Ark Invest’s Cathie Wood is buying more shares of Coinbase amid the spiral in crypto prices.

The Ark Invest founder purchased $38 million worth of Coinbase in various funds on Wednesday, after the crypto currency exchange’s stock dropped 6% amid bitcoin’s rout. Wood’s purchase is based on Coinbase’s Wednesday closing price of $224.80 per share.

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