Cathie Wood's ARK Invest Offloads a Further $4.7M Worth of Coinbase Shares
Summary
Cathie Wood's ARK Invest has sold around $15 million worth of Coinbase (COIN) stock this week, marking its third sale this week. The sale included 37,377 shares valued at almost $4.7 million. This continues the firm's strategy of acquiring crypto-related stocks during a downward trend and selling when they rise to lock in profits. Despite a 2.43% drop on Thursday, COIN shares remain high, marking their highest level since April 2022 early in the week.
