Coinbase stock price jumps as Cathie Wood’s ARK buys back in — what to watch after the holiday
Coinbase shares jumped 16.5% to $164.32 after ARK Invest bought about $15 million of stock across three ETFs, trade disclosures showed. The company reported a $667 million quarterly loss as transaction revenue fell, but subscription and services revenue rose 13.5% to $727 million. U.S. markets are closed Monday for Presidents Day. Bitcoin last traded down 2.2% at around $67,400.