Cathie Wood’s Ark Invest acquired $4.1 million worth of Coinbase Global Inc. on Thursday, a day after selling $25.3 million worth of Coinbase stock. An additional 26,743 shares of stock were sold.
Ark Invest continued its selloff on Coinbase through its ARK Innovation ETF on Thursday, according to daily trading disclosures. The ETF purchased 132,955 shares of Recursion Pharmaceuticals stock, worth approximately $1.48 million, that same day.
The company’s ETFs have sold more than $200 million in Coinbase stock over the past few weeks.
Coinbase shares closed at $155.6 on Thursday, up 2.21%. It has risen more than 360% over the past year.
This week, Coinbase began following other cryptocurrency exchanges. Requires UK users Complete the risk authorization form in accordance with the guidelines of your national financial regulator.
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