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Coinbase Global Inc. Credit: Reuters File Photo
Coinbase Global Inc shares jumped 10 per cent in early trades on Thursday, a day after the cryptocurrency exchange went public in a high-profile debut on the Nasdaq that briefly valued it at more than $100 billion.
The debut marks another milestone for bitcoin and other digital assets and comes amid a surge in the value of cryptocurrencies that has lured a clutch of mainstream, top-tier firms.
Cathie Wood's Ark funds bought $246 million worth of Coinbase shares in the debut on Wednesday, according to the firm's daily trade summary.
Coinbase shares were up 10.3 per cent at $362 by 4:42 a.m. ET.
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