**ARK Invest Buys Coinbase Amid Crypto Rollercoaster 🎢**

- Cathie Wood's ARK Invest is back in the Coinbase (COIN) game, snapping up 28,632 shares worth $5.4M on Aug. 5.

- This comes as Bitcoin (BTC) took a nosedive, briefly dipping below $50,000 for the first time since Feb 2024.

- BTC dropped 20% from $63,000 to $49,800 but bounced back to around $55,000.

- Coinbase shares mirrored Bitcoin's tumble, hitting $173 before closing at $189.5.

- Despite the chaos, Bitcoin is up 93% and Coinbase 110% over the past year.

Stay tuned for more crypto capers!