ARK Invest recently made a significant move by acquiring $8.4 million worth of Coinbase shares after a month of dormancy. The investment firm had previously been inactive in trading Coinbase shares but decided to jump back in with a substantial purchase. This move indicates ARK Invest’s confidence in the cryptocurrency exchange platform and its potential for growth in the future. With this acquisition, ARK Invest is positioning itself to potentially benefit from the success of Coinbase as the cryptocurrency market continues to evolve.
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