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News Explorer — Ark Invest Sells Another $1.4 Million in Coinbase Shares

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Dec 5, 9:50 am
The Block

Ark Invest Sells Another $1.4 Million in Coinbase Shares

Cathie Wood's Ark Invest has sold an additional $1.4 million worth of Coinbase shares, following last week's $15 million sell-off. The sales were made from two of Ark's funds, with 10,218 COIN shares being offloaded. Despite the recent surge in Coinbase's stock price, it remains over 60% down from its all-time high in November 2021.

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