Cathie Wood’s Ark Invest has added to its holdings of the beleaguered cryptocurrency exchange Coinbase, which has fallen 86% in the last year amid a prolonged crypto bear market. On Thursday, the famed money manager purchased $5.8 million in COIN stock, split between the ARK Next Generation Internet (ARKW) and ARK Fintech Innovation ETF (ARKF) exchange-traded funds. ARKW now owns 1.3 million Coinbase shares worth $44.9 million, accounting for 4.82% of the ETF’s holdings. ARKF holds $49.5 million in COIN, accounting for 7.68% of its total holdings. According to Bloomberg data, Ark Invest is one of Coinbase’s largest shareholders, with a 4.3% stake in the company as of late September.