**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!