Popular investor Cathy Wood, CEO of Ark Investments, added another 74,792 shares of the cryptocurrency trading platform Coinbase to the company’s investment portfolio, and also added 99,523 shares of the American electric car maker Tesla, over the weeks. the past few years, which pushed stocks to rise despite the degree of uncertainty in global markets.
Cathy Wood confirmed that she remains bullish on electric car stocks as well as cryptocurrencies, especially Bitcoin, as she reiterated that she expects the price of Bitcoin to reach $1 million by 2030.
Arc Investments raised its total holdings of Coinbase shares by 628,548 shares by 10 transactions in December and has added 280,824 shares since the beginning of the year by four transactions.
In addition to this, the company also bought 475,522 Tesla shares since the beginning of the year, along with another 254,992 shares in December through 13 transactions.
In terms of trading, the shares of the Bitcoin and digital currency trading platform Coinbase rose by 4.02%, to record $49.46, while Tesla shares fell by 3.36% to $119.42, and at the same time, Bitcoin rose by 4.98%, to record $19,163.08.