- Despite the SEC attack on Coinbase, Cathie Wood has been loading up on Block.One shares
- Block.One shares have been increasing while COIN stocks are dropping
- The article was written by Darryn Pollock, Heather Budrevičienė and Ciaran Lawler and was published on June 9th, 2023 at 2:30 PM GMT
Cathie Wood’s Actions
Despite the recent attack from the SEC against Coinbase, Cathie Wood has been actively purchasing Block.One stock. This is an interesting move as most investors have been pulling away from cryptocurrencies in light of the news. This could be seen as a sign of confidence in the blockchain company or an attempt to capitalize on an opportunity created by the situation.
Block.one Share Prices
The purchase of Block.one shares has not gone unnoticed by investors as its share prices have increased significantly since the news broke out about Coinbase’s legal troubles with the SEC. In comparison to this, COIN stocks have taken a dip which could be attributed to investor uncertainty due to Coinbase’s uncertain future with regards to regulation in America.