Imagine a big company that buys and sells things online, like a super-powered store for digital money (cryptocurrency). That's Coinbase! Recently, another big company, ARK Invest, bought more shares of Coinbase even though the price of Bitcoin went down.
- ARK Invest bought lots of Coinbase shares, showing they still believe in Coinbase's future.
- Bitcoin's price dropped, along with the prices of other tech companies.
- Coinbase's price also went down, but ARK Invest still thinks it's a good investment.
| Thing | Number |
|---|---|
| Coinbase shares bought by ARK Invest | 41,032 |
| Value of Coinbase shares bought | $9.3 million |
| Bitcoin's price (at time of news) | Around $28,534 |
| Total crypto market value (at time of news) | $3.04 Trillion |
Even though things are a little shaky right now, some people are still hopeful about the future of digital money!
