Investment Giant Ark Invest Is Investing In This Company Stock While It Continues To Sell Coinbase Shares!

Ark Invest, owned by Cathie Woodvalued at $1.4 million on Monday coinbase 10,218 from his two funds by selling more shares COIN disposed of it.

Ark Invest Continues to Sell Coinbase Stock and Buys More Robinhood

Ark sold 2,970 Coinbase shares ($419,000) from its Fintech Innovation ETF and 7,248 ($1 million) from its Next Generation Internet ETF.

Ark sold 37,377 shares of Coinbase ($4.7 million) on Thursday, after previously selling $5.3 million and $4.9 million of COIN shares on Monday and Wednesday, respectively.

Coinbase shares have hit a 20-month high, trading at $141 in pre-market trading, up nearly 70% last month and 286% year-to-date, according to TradingView.

However, the stock remains down over 60% from its all-time high of $342.98 during the peak crypto bull market in November 2021.

Ark Invest also purchased another 14,702 ($140,000) shares for its Fintech Innovation ETF, adding to the $3 million worth of Robinhood shares it purchased last week.

Ark’s Robinhood acquisitions coincide with the fintech app’s launch of commission-free stock trading in the United Kingdom, while the firm will expand its crypto trading services to the European Union in the coming weeks.

*This is not investment advice.