Bitcoin, the leading cryptocurrency, mobilized the market by rising to $ 44,400 with the rise experienced yesterday.
At this point, Ark Invest, the company of Bitcoin (BTC) bull Cathie Wood, who has been collecting Coinbase shares for a long time, continues to sell.
According to Cointelegraph, Ark Invest, which was in profit on COIN shares, made a profit sale. Accordingly, the company sold 237,572 Coinbase shares from three funds in total on December 5.
Ark Invest sold its shares of Coinbase for approximately $140 per share, making approximately $33 million from the sale.
Ark Invest sold 201,711 Coinbase shares from its ARK Innovation ETF, 28,535 shares from the ARK Fintech Innovation ETF, and 7,326 COIN shares from the ARK Next Generation Internet ETF.
Coinbase stock broke a new record in 2023, rising above the level of $ 147.7 on December 5, which has not been seen since April 2022.
Ark Invest also sold 168,127 shares of Grayscale Bitcoin Investment Trust (GBTC) in addition to Coinbase shares. Ark Invest obtained $5.9 million by selling GBTC shares at an average price of $35.
*This is not investment advice.