Cathie Wood's ARK Invest Sold Nearly $150M Coinbase Shares Last Week
![Cathie Wood's ARK Invest Sold Nearly $150M Coinbase Shares Last Week](https://ussnsimg.moomoo.com/sns_client_feed/70775714/20240312/2d194cc5d24d41ee9a98a5ef73823632.jpg/big?area=100&is_public=true)
$ARK Innovation ETF (ARKK.US)$ ARK Invest sold over 580,000 $Coinbase (COIN.US)$ shares last week, worth $149.85 million at Friday’s closing price.
The total marks the largest offload of Coinbase stock by ARK since the week ended Feb. 16.
Coinbase shares have increased by over 80% in value in the last month thanks to a rally of nearly 50% in bitcoin's price during the same period.
The total marks the largest offload of Coinbase stock by ARK since the week ended Feb. 16.
Coinbase shares have increased by over 80% in value in the last month thanks to a rally of nearly 50% in bitcoin's price during the same period.
![Cathie Wood's ARK Invest Sold Nearly $150M Coinbase Shares Last Week](https://ussnsimg.moomoo.com/sns_client_feed/70775714/20240312/56c488a68338483eabb8305ee5003974.jpg/big?area=100&is_public=true)
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment