Investment firm Ark Invest, under the management of Cathie Wood, recently sold millions of dollars worth of Coinbase (COIN) shares.
Ark Invest, which frequently came to the agenda with its COIN sales in the past period, made another sale again. Taking action after the rise in Coinbase shares, Ark Invest sold about 200,000 Coinbase shares worth 52.3 million dollars.
The sales were made through ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation. 133,533 COIN shares from ARK Innovation ETF (ARKK), 59,215 shares from ARK Next Generation Internet ETF (ARKW), and 6,778 COIN shares from ARK Fintech Innovation ETF (ARKF) were sold.
The company, which continues its sales to balance its investment portfolio parallel to the rises, had realized a COIN sale worth 100 million dollars just last week.
The price of Coinbase shares rose by 70% in the last 13 days and climbed from 114.5 dollars to 193.6 dollars. COIN is currently trading at 180 dollars.
