Coinbase’s stock surged to $294 on August 11, its highest level since May 12.
Despite Wall Street’s gloomy prognosis, Coinbase managed to exceed analysts’ expectations with higher-than-expected transaction-based revenue.
Ark Investment Management continued to increase their Coinbase holdings throughout the market downturn, according to U.Today.
COIN shares are now valued at $172 million in the ARK Fintech Innovation ETF.
https://mycryptoparadise.com/chip-giant-intel-buys-coinbase-shares/