🟢 COIN is trading 3.77% up today after ARK Invest reverses course with $6.9 million share purchase

COIN is trading at $172.27, up 3.77% after Cathie Wood's ARK Invest reversed its recent selling trend by purchasing 41,453 shares worth approximately $6.9 million.

• The acquisition marks a significant shift for ARK, which had sold $22 million in Coinbase holdings earlier in February.
• The move signals renewed institutional confidence despite the stock being down 34% year-to-date and Bitcoin falling 1.58% since yesterday's close.
• Retail sentiment on Stocktwits trended extremely bullish following the announcement of the ARK position increase.