As it is known, Bitcoin (BTC) bull Cathie Wood's company, Ark Invest, has been collecting Coinbase and Robinhood shares for a long time.
Apart from Coinbase and Robinhood, Ark Invest also holds shares of Grayscale Bitcoin Trust (GBTC).
Ark Invest, which has been selling in recent weeks, has made another share sale again.
At this point, Ark Invest, which recently sold GBTC, has now sold Coinbase shares.
Ark Invest sold 43,956 Coinbase shares (COIN) worth approximately $5.3 million on Monday, as Coinbase share value reached an 18-month high, TheBlock reported.
After this sale, Ark Invest also made purchases. Accordingly, the company purchased 143,063 Robinhood shares (worth $1.2 million) for its Ark Fintech Innovation ETF.
Coinbase shares are currently trading at $119. This level reveals an increase of more than 50% compared to the previous month and a 228% increase year-to-date.
Despite these gains, COIN price is still trading 60% below its all-time high of $342.98 during the peak crypto bull market in November 2021.
*This is not investment advice.