Coinbase, Exchanges

Does ARKK Hold Coinbase?

As of late, there has been much speculation as to whether or not ARKK will be holding Coinbase. While nothing has been confirmed, it’s definitely something to keep an eye on.

Here’s a closer look at the situation.

ARKK is an investment firm that has been around for quite some time. They are known for their eclectic portfolio, which includes companies such as Tesla and Netflix.

Recently, they have been in the news for their involvement with Coinbase.

Coinbase is a digital currency exchange that allows users to buy and sell cryptocurrencies. They are one of the most popular exchanges in the world, and they have been growing at an incredible rate.

NOTE: WARNING: ARKK does not directly hold Coinbase. ARKK is an exchange-traded fund (ETF) that tracks the Ark Innovation ETF Index. This index includes a number of companies related to blockchain technology, including Coinbase, but investors do not directly own shares of Coinbase when they purchase shares of ARKK.

Recently, they announced that they had raised $300 million in a Series E funding round, valuating the company at $8 billion.

ARKK has been an investor in Coinbase since 2017, and they currently hold a 5% stake in the company. With Coinbase’s recent growth, ARKK’s stake is now worth over $400 million.

There has been speculation that ARKK may be looking to sell their stake in Coinbase, but nothing has been confirmed.

It’s definitely possible that ARKK is holding onto their Coinbase shares for now. With the company’s recent growth, ARKK’s stake is now worth a lot of money.

Only time will tell what ARKK decides to do with their stake in Coinbase.

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