Cathie Wood’s investment company, ARK Invest, has once again sold millions of dollars worth of Coinbase (COIN) shares.
ARK Invest, which has been selling COIN shares non-stop since the beginning of December, added a new one to its sales. According to the company’s official website 13 December on ARK Innovation (ARKK) and ARK Next Generation Internet (ARKW) ETFs. $42.59 million worth 283,104 COINS sale was made. Average company sales from $150.46 carried out.
This transaction was recorded as the biggest sale of the last 20 months. With this latest transaction, Cathie Wood’s company has been in business since the beginning of December. Over $150 million worth of Coinbase shares It has sold.
In its previous statement, the company stated that, in accordance with the rules, it is in the portfolio for each product. a slice of 10% However, after the recent increases in COIN, the stock portfolio share increased he stated. In recent months, Coinbase, the financial giant BlackRock’s mandate to custody spot Bitcoin exchange-traded fund (ETF) Bitcoins (BTC) announced that he would undertake it.
Coinbase shares this year 325% increase technology giant by showing NVIDIA (NVDA) even left behind by a significant margin. Behind this important performance, the rises in the cryptocurrency market and the price changes that will occur in 5 months Bitcoin halving It is thought to be.
Finally Tuesday, December 12 worth $9.1 million per day 65,297 COINs was sold. According to TradingView data, at the time of writing COIN from $153.8 is being traded.