Noted growth investor Cathie Wood is doubling down on Coinbase with Massive COIN Purchase despite lingering concerns over crypto exchange lawsuit.

On June 6, Ark Invest funds purchased a total of 419,324 Coinbase (COIN) shares worth $21 million as the price dipped below $50, according to transactions seen by CoinGape.

Cathie Wood’s Ark Invest purchased 329,773 COIN shares for its ARK Innovation ETF (ARKK), 53,885 COIN shares for ARK Next Generation Internet ETF (ARKW), and 35,666 COIN shares for ARK Fintech Innovation ETF (ARKF).

Ark Invest funds started buying millions of Coinbase stocks last year. Cathie Wood’s Ark Invest held more than 12 million Coinbase shares as of March 31. She remains bullish on Bitcoin, reiterating her Bitcoin price target of $1 million by 2030.

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