Buying the dip or catching a falling knife? Cathie Wood scoops up bombed-out Coinbase shares
Always on the hunt for high-growth companies trading in “deep value territory,” a down-on-her-luck Cathie Wood scooped up shares in crypto exchange Coinbase on Wednesday in a bid to bolster her sagging fortunes.
A crypto evangelist who attempted to launch her own Bitcoin investment vehicle, the founder and CEO of ARK Invest bought roughly $29 million worth of Coinbase stock across three of her exchange-traded funds.
It is a bold call, given that confidence in the underlying crypto market…