Ark Invest Added 78,982 Shares of Coinbase Stock

Ark Invest said in an e-mail it bought 78,982 shares in crypto exchange Coinbase (COIN), its first investment in the Coinbase in a month.

At Friday's closing price of $40.24 , the purchase would have cost about $3 million. The stock has been in a funk in recent months, and is down almost 60% from $98 in early August.

The purchase takes the ARK Innovation ETF's (ARKK) holding to 5.7 million COIN shares.