The recent sale of shares of Coinbase by ARK Invest has brought the total amount for December to almost 200 million dollars.
In addition, Cathie Wood’s investment company has proceeded to sell GBTC shares, thus increasing its stake in Block. Let’s see all the details below.
ARK Invest’s December and record-breaking Coinbase stock sales
As anticipated, investment company Cathie Wood’s ARK Invest has increased its sales of Coinbase (COIN) shares on Wednesday.
This has brought the total amount for December to 196.8 million dollars, thanks to an increase in value of almost 30% since the end of November.
The exchange-traded fund ARK Innovation (ARKK) sold 132,782 shares, while the ARK Next Generation Internet ETF (ARKW) disposed of 16,998 shares, for a total value of 24 million dollars at Wednesday’s closing price.
ARK Invest’s frequent practice is to reduce its holdings in Coinbase as the value of the shares increases. This is in accordance with its policy of maintaini
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