Cathie Wood Loads Up On Bitcoin-Linked Stock Even As Shares Tank Over 86% This Year

Cathie Wood-led  ARK Investment Management  has bought 23,509 shares of cryptocurrency trading platform Coinbase Global Inc (NASDAQ: COIN) at an estimated valuation of over $800,000.  The purchase, which was done via the ARK Fintech Innovation ETF (NYSE: ARKF), comes at a time when the stock is hitting new all-time lows since the company went public last year.