{"id":21248,"date":"2025-04-09T09:31:48","date_gmt":"2025-04-09T09:31:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21248"},"modified":"2025-04-09T09:31:48","modified_gmt":"2025-04-09T09:31:48","slug":"ark-invest-buys-the-coinbase-dip-adding-30m-of-shares-in-3-days","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21248","title":{"rendered":"ARK Invest Buys the Coinbase Dip, Adding $30M of Shares in 3 Days"},"content":{"rendered":"<div>\n<p>Investment manager ARK Invest, which is known for buying the dip when markets go south, has purchased 199,401 Coinbase (COIN) shares in the past three days.<\/p>\n<p>The Cathie Wood-run company bought 83,157 shares of the crypto exchange on Friday, followed by 84,514 and 31,730 on Monday and Tuesday, respectively, according to the company&#8217;s daily emailed statements. Based on closing prices, the shares would have cost a total of $31.51 million. They are now valued about $29.3 million based Tuesday&#8217;s close.<\/p>\n<p>The St. Petersburg, Florida-based company aims to avoid having one particular holding account for a weighing of more than 10% of an exchange-traded fund&#8217;s (ETF) total value. When a particular stock falls, <a href=\"https:\/\/www.coindesk.com\/markets\/2023\/03\/24\/ark-buys-the-wells-dip-with-177-million-coin-purchase\" target=\"_blank\">it presents a buying opportunity for ARK<\/a>.<\/p>\n<p>Coinbase shares have fallen over 15% in the last week as both cryptocurrency and equity markets tumbled following the steep import tariffs imposed by U.S. President Donald Trump. <\/p>\n<p>BTC is around 8% lower than a week ago, while the S&amp;P 500 and Nasdaq have both dropped more than 10%.<\/p>\n<p>Read More: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/06\/cathie-wood-s-ark-buys-over-usd13m-worth-coinbase-shares-during-market-rout\" target=\"_blank\">Cathie Wood\u2019s ARK Buys Over $13M Worth Coinbase Shares During Market Rout<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investment manager ARK Invest, which is known for buying the dip when markets go south, has purchased 199,401 Coinbase (COIN) shares in the past three days. The Cathie Wood-run company bought 83,157 shares of the crypto exchange on Friday, followed by 84,514 and 31,730 on Monday and Tuesday, respectively, according to the company&#8217;s daily emailed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21248","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21248"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21248\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}