1 day ago
Ark Invest, the concern steadfast led by Cathie Wood, offloaded $12 cardinal worthy of Coinbase (COIN) connected Thursday, continuing the inclination of taking nett from its concern successful the crypto exchange.
Recently, Ark has been selling its Coinbase involvement and diversifying into different crypto plays. Last week, the steadfast invested $116 million into the Peter Thiel-backed ether (ETH) treasury firm, Bitmine Immersion Technologies (BMNR).
The concern steadfast sold a full of 30,501 COIN shares from its 2 funds. It besides sold 11,262 shares of Robinhood (HOOD), worthy astir $1.1 cardinal based connected Robinhood's past adjacent connected Thursday.
In summation to Coinbase and Robinhood, Cathie Wood's steadfast besides offloaded 123,169 shares of Jack Dorsey's Block Inc (XYZ), worthy astir $10 million, and 28,906 shares of its ain bitcoin ETF (ARKB), worthy astir $1.1 million.
Read more: ARK Invest Sells $8.64M Coinbase Stake After Crypto Exchange's Shares Rally to Record
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