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Cathie Wood's ARK Invest Sells Another $24.3M of Coinbase Shares
Coinbase shares dropped Wednesday from the 19-month high of $147.86 earlier in the week, closing at $134.63.
Cathie Wood's ARK Invest sold Coinbase (COIN) shares for a third straight day Wednesday as the crypto exchange's share price remained near a 19-month high.
The sale of 180,422 shares would have brought in $24.3 million at the closing price of $134.63. They rose as high as $147.86 on Tuesday. The sales took place from the Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF) exchange-traded funds (ETFs), according to an emailed statement.
STORY CONTINUES BELOW
The investment management firm also sold 99,595 shares in Grayscale Bitcoin Trust (GBTC), worth just under $3.5 million at Wednesday's closing price. GBTC lost 0.51% to close at $34.92.
Read More: Coinbase Adds Message-Based Crypto Payments to Its Decentralized Wallet
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
