⚡️JUST IN: Ark Invest Offloads $12.5M in Coinbase Shares at Record High
Cathie Wood’s Ark Invest has sold $12.5 million worth of Coinbase ($COIN) shares just as the stock reached its highest-ever closing price.
This move aligns with Ark’s active portfolio rebalancing strategy, taking profits as COIN surges amid booming crypto adoption and ETF momentum. While bullish on crypto long-term, Ark has consistently trimmed COIN holdings during rallies to lock in gains.