Ark Invest, the company of Bitcoin (BTC) bull Cathie Wood, who has been collecting Coinbase shares for a long time, continues its sales rapidly.
According to Coindesk's news, Ark Invest, which was in profit on COIN shares, made a profit sale. Accordingly, the company sold Coinbase (COIN) shares for the third consecutive day, as the Coinbase share price rose to the highest level in 19 months.
At this point, Ark Invest recently sold another 180,422 Coinbase shares worth $24.3 million.
Ark Invest sold 162,579 Coinbase shares from its ARK Innovation ETF, 12,474 shares from its ARK Fintech Innovation ETF, and 5,369 COIN shares from its ARK Next Generation Internet ETF.
Ark Invest also sold a share of Grayscale Bitcoin Investment Trust (GBTC) today, in addition to its Coinbase share.
Accordingly, Ark Invest also sold 99,595 GBTC shares worth $3.5 million on Wednesday, in addition to the $5.9 million worth of GBTC it sold the previous day.
*This is not investment advice.