Posted 3/22/2024, 6:59:36 PM
ARK Invest Sells $52 Million More Coinbase Stock, Remains Major Holder Despite Recent Profitable Earnings
- Cathie Wood's ARK Invest sells another $52M in Coinbase stock across 3 of its ETFs
- This comes after ARK sold nearly $96M in COIN earlier this month
- ARK remains one of the biggest holders of Coinbase stock
- Coinbase stock is up over 50% in the past month and 236% year-to-date
- Coinbase recently posted a profit in its Q4 earnings thanks partly to interest earned on its USDC reserves
