Source: https://decrypt.co/314161/cathie-wood-ark-invest-well-timed-coinbase-bet

Ark Invest, the prominent investment firm founded by Cathie Wood, made a strategic move by increasing their stake in Coinbase (COIN) shares over the last three days. This decision proved to be well-timed as the stock market experienced a significant rebound on Wednesday.

The move to purchase more Coinbase shares during a dip in the market demonstrates Ark Invest's confidence in the long-term potential of the cryptocurrency exchange platform. Despite the recent volatility in the market, Ark Invest saw an opportunity to capitalize on the lower prices of COIN shares.

Coinbase, one of the largest cryptocurrency exchanges in the world, has been gaining attention from investors as the popularity of digital assets continues to grow. The company's recent direct listing on the stock market earlier this year marked a