Ark Invest, led by Cathie Wood, has continued its adjustment of holdings by offloading an additional 149,780 shares of Coinbase, valued at approximately $24.5 million, on Wednesday. This follows the sale of $5.5 million worth of Coinbase shares on Tuesday. Over the past month, the firm has divested over $200 million in Coinbase stock. Coinbase’s stock has seen a significant increase of 393% since the beginning of the year.
In other trading moves, Ark sold $14.3 million worth of shares in Grayscale Bitcoin Trust (GBTC) and acquired shares in Block (formerly Square), amounting to around $12.1 million.
