Cathie Wood’s Ark Adds $21 Million In Coinbase Stock, Bucking Analysts’ Dire Outlook (2024)

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Cathie Wood’s Ark Adds $21 Million In Coinbase Stock, Bucking Analysts’ Dire Outlook (2024)

FAQs

Cathie Wood’s Ark Adds $21 Million In Coinbase Stock, Bucking Analysts’ Dire Outlook? ›

Cathie Wood's Ark

Ark
ARK Investment Management LLC is an American investment management firm based in St. Petersburg, Florida, that manages several actively managed exchange-traded funds (ETFs). It was founded by Cathie Wood in 2014. At the height of February 2021, the company had US$50 billion in assets under management.
https://en.wikipedia.org › wiki › Ark_Invest
Adds $21 Million In Coinbase Stock, Bucking Analysts' Dire Outlook. Three Ark funds picked up roughly 420,000 Coinbase shares, taking advantage of the 12% dip in stock value.

How much will Cathie Wood predict for Bitcoin? ›

Cathie Wood, CEO of the investment firm ARK Invest, has significantly increased her bullish outlook on Bitcoin's price trajectory. In a recent interview, she revealed that ARK has "brought forward" its previous $1 million price target for Bitcoin by 2030.

Why did Cathie Wood sell Coinbase? ›

Part of Ark Invest's guidelines is to not have a single stock make up more than 10% of its ETFs' value. Considering the increase in price of COIN stock recently, a selloff was necessary to maintain that goal. This resulted in COIN stock sales from three of Cathie Wood's Ark Invest exchange-traded funds (ETFs).

Did Ark invest sell $90 million worth of Coinbase shares? ›

ARK Invest, an investment solutions provider and one of Coinbase's largest institutional backers, sold nearly half a million shares in the Nasdaq-listed centralized crypto exchange for about $90 million on Friday. Cathie Wood's investment firm unloaded a total of 499,149 COIN shares from its exchange-traded funds.

How much Coinbase does Cathie Woods own? ›

12 Cathie Wood Coinbase Global Trades

Cathie Wood acquired 4.42 Million Coinbase Global shares worth $999 Million. It makes up 8.16% of their stock portfolio and is their biggest holding. The investor owns 2.42% of the outstanding Coinbase Global stock. The first Coinbase Global trade was made in Q2 2021.

What will $1000 of Bitcoin be worth in 2030? ›

If Bitcoin continues this pattern into 2030, the price could peak around 2029 or 2030. If Wood is correct and Bitcoin reaches $3.8 million, if you invested $1,000 in Bitcoin now, it would be worth $54,280 in 2030. This would result in a compounded annual growth rate (CAGR) of nearly 95%.

How much will 1 XRP cost in 2030? ›

XRP Prediction Table
YearMinimum PriceAverage Price
2030$6.72$6.91
2031$9.67$9.94
2032$14.19$14.59
2033$20.40$20.99
8 more rows

Who owns the most shares in Coinbase? ›

What percentage of Coinbase Global (COIN) stock is held by retail investors? According to the latest TipRanks data, approximately 64.23% of Coinbase Global (COIN) stock is held by retail investors. Who owns the most shares of Coinbase Global (COIN)? Vanguard owns the most shares of Coinbase Global (COIN).

Is Coinbase a buy or sell? ›

Coinbase stock has received a consensus rating of buy. The average rating score is and is based on 48 buy ratings, 23 hold ratings, and 27 sell ratings. What was the 52-week low for Coinbase stock? The low in the last 52 weeks of Coinbase stock was 45.43.

What does Cathie Wood say about Coinbase? ›

Wood responded, "We are not dumping. This is what active management is all about." "Coinbase has increased roughly 9-fold since Spring of 2023," Wood continued. "It has been more than 10% of the portfolio.

What is the highest stock price ever on Coinbase? ›

The latest closing stock price for Coinbase Global as of April 24, 2024 is 224.37.
  • The all-time high Coinbase Global stock closing price was 357.39 on November 09, 2021.
  • The Coinbase Global 52-week high stock price is 283.48, which is 26.3% above the current share price.

What is the highest cash out on Coinbase? ›

Withdrawals of fiat currency are limited. Coinbase Exchange account holders have a default withdrawal limit of $100,000 per day.

Who are the largest investors in Coinbase? ›

Looking at our data, we can see that the largest shareholder is the CEO Brian Armstrong with 15% of shares outstanding. With 5.9% and 4.0% of the shares outstanding respectively, The Vanguard Group, Inc. and Frederick Ehrsam are the second and third largest shareholders.

Has anyone made money on Coinbase? ›

Yes, there are many ways for users to earn money on Coinbase, including learn and earn rewards, staking rewards, stablecoin rewards, crypto cashback, and more.

Why is ARK selling Coinbase? ›

ARK Invest aims to have no individual holding surpass a 10% weighting of an ETF's value, making such large sell-offs necessary when an asset surges in value. Coinbase shares have increased by over 80% in value in the last month thanks to a rally of nearly 50% in bitcoin's (BTC) price during the same period.

What price did Cathie Wood buy Tesla? ›

Wood's Ark Innovation ETF bought 65,514 shares of Tesla, according to a trading notification Thursday. That cost around $14 million. The fund also bought 133,334 shares of the EV maker in an update Monday, which cost around $28 million. Tesla is currently the second top holding in the ETF out of 38 stocks.

How much will 1 Bitcoin be worth in 2030? ›

Bitcoin (BTC) Price Prediction 2030

According to your price prediction input for Bitcoin, the value of BTC may increase by +5% and reach $ 86,830.70 by 2030.

What is the realistic price prediction for Bitcoin? ›

Our real-time BTC to USD price update shows the current Bitcoin price as $66,747.4 USD. Our most recent Bitcoin price forecast indicates that its value will increase by 11.69% and reach $74,381 by April 25, 2024.

How much will Bitcoin be worth in 2025? ›

Bitcoin price prediction 2025

The Bitcoin price prediction for 2025 is currently between $ 67,449 on the lower end and $ 159,267 on the high end. Compared to today's price, Bitcoin could gain 138.61% by 2025 if BTC reaches the upper price target.

How much will 1 Bitcoin be worth in 2050? ›

By 2040, Bitcoin could surpass $1 million and reach a high point of $1.16 million, which would be a +2,275% increase compared to today's prices. Going further, BTC is expected to break the $1.4 million mark by 2050.

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