Ark Invest continues to buy Coinbase stocks, increasing its holdings by 220,000 shares in June, with the current total value of approximately $1.07 billion.

The cryptocurrency market is in a slump, with the stock of cryptocurrency exchange Coinbase (COIN) also affected, dropping 2.5% since early June. However, Ark Investment, which has been bullish on Coinbase, appears to have no intention of stopping its acquisition of the stock.

Ark Invest Continues to Buy COIN

According to the holdings data from Ark Investment Management, the ARKK fund under Ark Invest bought an additional 50,616 shares of Coinbase stock (COIN) yesterday, with an average purchase price of $230.75 per share, totaling $11.68 million.

In fact, from early June to the present, the total holdings of Coinbase by the three funds under Ark Invest have increased from 4,446,024 shares to 4,668,375 shares, adding 222,351 shares, with the current total holding value at approximately $1.07 billion.