Cathie Wood, a prominent investor and the founder of Ark Invest, has significantly increased her stake in Coinbase, buying up more than $21 million worth of shares despite a recent lawsuit from the Securities and Exchange Commission (SEC). This move is being seen as a bullish sign for the crypto market, as Wood is known for her positive views on cryptocurrency and has been a vocal advocate for its adoption. The purchase of Coinbase shares comes at a time when the SEC has been cracking down on crypto-related companies, and Wood’s investment is being interpreted as a vote of confidence in the industry’s future.
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