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Cathie Wood, Bullish On Bitcoin, Lifts Coinbase Stake Above $1B, Snaps Up More UiPath Shares

Benzinga2021-06-11

Cathie Wood-led Ark Investment Management on Thursday snapped up more shares inCoinbase Global Inc(NASDAQ:COIN) on the dip on Thursday.

Ark Invest bought 60,813 shares, estimated to be worth about $13.5 million in Coinbase on the day shares of the company closed 1.1% lower at $221.85.

Wood’s firm deployed theArk Innovation ETF(NYSE:ARKK) to buy the shares of the cryptocurrency exchange. The investment firm also holds the shares of the company via theArk Next Generation Internet ETF(NYSE:ARKW) and theArk Fintech Innovation ETF(NYSE:ARKF).

Ark's COIN stake is currently valued above $1 billion. In comparison, Ark Invest holds about 4.86 million shares, worth about $2.9 billion, inTesla Inc(NASDAQ:TSLA), its largest holding.

The investment firm also snapped up 1.08 million shares, estimated to be worth about $80.07 million in New York-based software automation companyUiPath Inc(NYSE:PATH) on the day shares popped higher.

Shares of the company closed 7.7% higher at $74.03 on Thursday.

The investment firm holds the shares of the company in all six active ETFs but deployed only four of them — theArk Genomic Revolution ETF(BATS:ARKG), theArk Autonomous Technology & Robotics(BATS:ARKQ),ARKKand ARKW — to buy the shares on Thursday.

ARKG bought 242,492 shares, ARKK bought 604,635 shares, ARKQ bought 87,472 shares, ARKW bought 147,038 shares on Thursday.

On a consolidated basis, Ark held 7.38 million shares worth $506.8 million in UiPath, as of Thursday.

The products of the Bucharest, Romania-basedsoftware companyare used by organizations to help efficiently automate their various business processes.

Some of the other key Ark Invest sells on Thursday includeIntercontinental Exchange Inc(NYSE:ICE) and buys includePure Storage Inc(NYSE:PSTG).

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评论43

  • jlwm
    ·2021-06-12
    buy
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  • fefelix
    ·2021-06-12
    crypto bull back again? 
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  • ckhing
    ·2021-06-11
    Why like this
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  • Xaviertoh
    ·2021-06-11
    Btc 
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  • FoolsMooney
    ·2021-06-11
    Cathie Wood-led Ark Investment Management on Thursday snapped up more shares inCoinbase Global Inc(NASDAQ:COIN) on the dip on Thursday.Ark Invest bought 60,813 shares, estimated to be worth about $13.5 million in Coinbase on the day shares of the company closed 1.1% lower at $221.85.
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  • RuniMan
    ·2021-06-11
    Just comment and reply thanks many many
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  • VictorTan
    ·2021-06-11
    Nice
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  • solidd
    ·2021-06-11
    LGTM
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  • SuiBianLah
    ·2021-06-11
    Interesting
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    收起
    • SuiBianLah
      Interesting
      2021-06-11
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  • scenichu
    ·2021-06-11
    Tell me your opinion about this news...
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  • yct
    ·2021-06-11
    Comment and like pls
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  • wallence82
    ·2021-06-11
    Bitcoin
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    收起
    • deyi123
      to the moon
      2021-06-11
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  • madnugget
    ·2021-06-11
    🚀
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  • VictorLi
    ·2021-06-11
    [财迷] 
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  • ehkay
    ·2021-06-11
    [Surprised] 
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  • MIe
    ·2021-06-11
    Ark smart buy uipath at dip 
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    • Starbucks
      Agreed! [Miser]
      2021-06-11
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  • weifeng_86
    ·2021-06-11
    Comment pls
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    • gorgonzola
      done. like and comment back plse. thanks!
      2021-06-11
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  • 987ce65
    ·2021-06-11
    [财迷] 
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  • TheStig1238
    ·2021-06-11
    .
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    • 987ce65
      k
      2021-06-11
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  • JunWen162
    ·2021-06-11
    Wow
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