On Thursday, Ark Investment Management, led through Cathie Wood, recovered 69,172 shares, valued at around $15. 5 million, on Coinbase Global Inc (NASDAQ:COIN) down.
Shares of the cryptocurrency closed down 2. 31% to $224. 63 on Thursday.
The New York-based investment company bought shares of the Ark Innovation (NYSE: ARKK) ETF, but also has stakes in Coinbase, the Ark Fintech Innovation (NYSE: ARKF) ETF and the Ark Next Generation ETF. Internet (NYSE: ARKW).
Together, the 3 ETFs held 5. 46 million shares, approximately $1. 26 billion, in Coinbase prior to Thursday’s trading.
Goldman Sachs noted earlier this week that even if the costs of Bitcoin (CRYPTO: BTC) and other cryptocurrencies experienced additional drops, Coinbase would continue to take advantage of volatility.
The investment company also lost 791 shares, valued at around $600,092 on Nvidia Corp (NASDAQ: NVDA), on the day the chipmaker’s shares fell.
Nvidia shares closed down 4. 41% at $758. 65.
Ark Invest deployed the ARK Space Exploration ETF
Another key for Ark Invest on Thursday included JD. COM Inc (NASDAQ:JD) and the purchases included UiPath Inc (NYSE: PATH).
Read more: Cathie Wood’s Ark ETFs underperformed the overall market in the quarter, with Workhorse, Virgin Galactic, Coinbase and Teladoc wreaking havoc
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