While Cathie Wood’s investment company Ark Invest sold Coinbase (COIN) shares for the third time in a week, the CEO made a statement.
Taking advantage of the rise in Coinbase shares, Ark Invest sold for the third time in a short time. According to the daily trading report published by Ark Invest 17 July investment firm that took action on $26 million worth 248,838 Coinbase shares more sold. With this sale, Ark Invest $88 million in 1 week has sold its worth of shares.
Last sale of investment firm averaged per share from $105 while it happens CEO Cathie Wood made a statement about the sale.
for Coinbase optimistic your demeanor Wood, who continues to protect the company, underlined that the first positive decision in the Ripple case points to a significant potential for COIN shares. Wood, the sales made profit sale stated that:
We only sell profits and share the capital raised among other non-raised products. We are very positive about Coinbase, especially in light of the court’s decision in favor of Ripple and against the SEC. There have been some buying and selling, but overall very positive for the stock markets.
According to Nasdaq data, in the last 30 trading days 98% Shares of Coinbase, which gained value, closed on Monday. 105.55 dollars closed level.