Cathie Wood-led Ark Investment Management on Thursday snapped up 255,478 shares, estimated to be worth about $62.4 million, in $Coinbase Global, Inc.(COIN.US)$, on the dip.

Shares of the cryptocurrency exchange fell 3.05% to $244.29 on Thursday.

The New York-based investment firm deployed $ARK Innovation ETF(ARKK.US)$ and $ARK Next Generation Internet ETF(ARKW.US)$ to buy the shares of the company.  

$ARK Fintech Innovation ETF(ARKF.US)$ too holds shares of Coinbase.

Ahead of Thursday's buy, the New York-based firm had piled up over 5 million shares, worth $1.27 billion, since the stock's Nasdaq debut in April. 

The popular investment firm on Thursday shed 135,492 shares, estimated to be worth about $9 million, in social media company $Twitter Inc(TWTR.US)$.

Shares of Twitter closed 2.76% lower at $66.83 on Thursday.

Ark Invest deployed ARKW to buy the shares of Twitter and also holds it via ARKK. 

The two ETFs together held 11.13 million shares, worth about $765.3 million, in the social media company ahead of Thursday's trade.

The investment firm has been shedding shares of another social media company — Snapchat parent $Snap Inc(SNAP.US)$.

Some of the other key Ark Invest sells on Thursday included $Roku Inc(ROKU.US)$ and $TENCENT HLD ADR(TCEHY.US)$, and buys included $UiPath, Inc.(PATH.US)$. 

Please do not blindly follow ARK's trades. This is to provide you with a list of quality companies worth looking at. It is always smart to do your own due diligence before investing!