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Cathie Wood's Ark Invest Buys More Coinbase as Stock Has Fallen Over 20% In Past Month

Cathie Wood's Ark Investment Management said in an email it bought 78,982 shares in cryptocurrency exchange Coinbase (COIN), its first investment in the crypto exchange in a month. This comes as Coinbase confirms that its 2022 revenue is on track to be just half of 2021 levels. "The Hash" team discusses what to make of Ark Invest's latest crypto bets.

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Bitcoin Falls Below $16K; Coinbase Hits Lowest Price Since Going Public

Shares of Coinbase (COIN) hit their lowest price since the the U.S.-based cryptocurrency exchange went public in April 2021. The Grayscale Bitcoin Trust (GBTC) is drawing market attention after sister company Genesis Global Capital said its lending unit would halt customer withdrawals in the wake of the collapse of Sam Bankman-Fried’s FTX crypto empire, Bernstein said in a research report Monday.

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Акції Крипто Exchange Coinbase впали до історичного мінімуму

Американська Крипто біржа стала публічною у квітні 2021 року в гучному лістингу, але акції втратили майже 90% своєї вартості за останній рік, причому зараза FTX спричинила останній спад.

(Chesnot/Getty Images)

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Крипто-прив’язані акції падають після банкрутства файлів FTX

Як Bitcoin , так і ефір впали приблизно на 6% після подання декларації за розділом 11 у п’ятницю вранці.

(Spencer Platt/Getty Images)

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ARK Кеті Вуд зростає на COIN, незважаючи на кризу FTX

ARK каже, що купує 420 949 акцій COIN, що дорівнюватиме 21 мільйону доларів, враховуючи поточні ринкові ціни.

Cathie Wood (Marco Bello/Getty Images)

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Cathie Wood's Firm Buys More Coinbase Shares as Exchange's Stock Plummets

Cathie Wood’s Ark Investment Management is doubling down on Coinbase Global (COIN), buying up another half a million shares of the crypto exchange Wednesday. This comes as COIN plunged after reporting disappointing first-quarter earnings and outlook. "The Hash" squad discusses Wood's recent track record and the complex relationship between tech stocks and the crypto economy.

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Coinbase Faces Q1 Earnings Challenge as Crypto Markets Weaken

Cryptocurrency exchange Coinbase Global (COIN) will report first quarter earnings on Tuesday, possibly seeing some soft spots as crypto prices continue to retreat. “The Hash” panel discusses Coinbase’s recent NFT marketplace debut and the correlation between publicly traded Web 3 companies and the cryptocurrency markets.

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Coinbase and Crypto Mining Stocks Slide With the Rest of the Market

Crypto-related stocks seem to be taking a harder hit than the rest of the market, as Coinbase’s COIN stock has fallen nearly 55% since its IPO. Plus, a conversation about crypto mining stocks like Riot Blockchain as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”

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PNC Bank Planning Crypto Offering With Coinbase

PNC Bank, the fifth-largest commercial bank in the U.S. in assets, plans to work with crypto exchange Coinbase to offer crypto investment services to clients. This comes on the heels of Coinbase posting its higher-than-expected second-quarter earnings that sent prices of its COIN shares soaring.

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New Constructs: Coinbase Stock Could Fall to $100

Coinbase shares (COIN) have fallen over 30% since going public in April. New Constructs CEO David Trainer explains why he expects the share price to go down even further to $100.

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