As of December 2020, Cathie Wood’s Ark Invest owns 4.36 million shares of Coinbase, which is worth approximately $1.
3 billion. This makes Coinbase the fifth-largest position in Ark’s portfolio.
Wood has been a big proponent of cryptocurrency and blockchain technology, and her firm has been investing in Coinbase since its Series A funding round in 2015. Ark has continued to increase its stake in Coinbase over the years, and it now owns approximately 8% of the company.
NOTE: This article discusses a sensitive topic and should be handled with extreme caution. Coinbase is a private company and therefore it is not possible to accurately determine the size of Cathie Wood’s ownership stake in the company. Any information obtained about Cathie Wood’s ownership of Coinbase should be considered speculative and not be relied upon for making financial decisions.
Coinbase is one of the leading cryptocurrency exchanges in the world, and it has been on a tear lately. The company’s share price has quadrupled since its listing on the NAsdaq in April 2021, and it is now worth over $60 billion.
Wood’s bet on Coinbase has paid off handsomely for her investors, and it looks like she is still bullish on the company’s prospects. With Ark owning such a large stake in Coinbase, it is clear that Wood is confident that cryptocurrency is here to stay and that Coinbase will continue to be a major player in this space.
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