ARK Invest bought COIN low and sold it high this week.

On Tuesday, Cathie Wood’s fund sold 160,887 shares of COIN for $13.5 million when the stock was at approximately $83 a share. Just over 48 hours later, ARK bought the dip and purchased 268,928 shares of COIN as the stock fell and closed Thursday in the U.S at $66.30.

According to an email sent out Thursday night U.S. time, 230,599 of these shares went to ARK Innovation ETF (ARKK) while 38,329 of these shares went to the ARK Next Generation Internet ETF (ARKW).

In the course of those two days,Coinbase disclosedthat it received a Wells Notice from the Securities and Exchange Commission, which warns a business that the SEC is planning to take enforcement action against it.

AWells Noticesignifies that the SEC has concluded an investigation and believes the evidence it has gathered is substantial enough to warrant enforcement action. It doesn’t guarantee that enforcement action will take place, and Coinbase has until March 29 to advise the SEC if it plans on contesting the enforcement action.

TheSEC also announced on Wednesdaythat it is suing Justin Sun, the Tron Foundation, the BitTorrent Foundation, and Rainberry (née BitTorrent) for selling unregistered securities and manipulating the market via wash trading. Internet personality Jake Paul isalso being suedfor his alleged illegal promotion of Sun-linked crypto.

In arecent Twitter space, Brian Armstrong, the CEO of Coinbase, said that the company was going to get more politically involved and call on its U.S.-based users to elect “pro-crypto candidates.”

“What we’re going to do is start putting out content where people can contact their congressman, donate to pro-crypto candidates, show up at town halls, make your voice heard,” he said. “We are going to elect pro-crypto candidates in this country to make sure that our success is ensured.”

Despite the Wells-induced dip, COIN is still up 97% year-to-date.

ARK also disclosed that it has purchased 320,557 shares of Block (SQ), with 275,554 of these shares going to ARKK.

Jack Dorsey’s fintech payments company, which has some crypto exposure, is also down 14% as of market close Thursday afternotable short-seller Hindenburg Researchattacked it in a scathing report for “wildly” overstating user counts.