- On December 15, 2023, Ark Invest sold 18,962 Coinbase shares for $2.8 million.
- She also sold 12,000 shares of Grayscale Bitcoin Trust (GBTC) for $409,000.
- By the start of trading on December 18, the COIN rate had dropped to $147.
On December 15, 2023, Ark Invest sold a total of 18,962 shares of Coinbase stock for $2.8 million. The sales of COIN between December 11 and December 17 brought in $59 million for the company.
At the time of writing, the COIN stock is trading at $147 according to MarketWatch. The stock price experienced a decline after reaching a peak of $153.8 on December 14. Since the beginning of 2023, the value of this asset has more than quadrupled:
However, the COIN rate is still about 60% below its all-time high of $343 USD set in November 2021. Coinbase is currently valued at $27.5 billion, as reported by The Block.
On December 15, Ark Invest sold 12,000 shares of Grayscale Bitcoin Trust (GBTC) for $409,000. As of the close of market on Friday, the asset was trading at $34.10, showing an increase of nearly 2% for the week and 315% year-to-date, according to TradingView. At present, Grayscale Bitcoin Trust shares are trading near $34.10.
In total, between December 11 and December 17, the company sold GBTC for approximately $15 million. However, the shares are still about 40% below their high of $56.70 set in February 2021.
As a reminder, on December 11, 2023, Ark Invest sold 395,945 shares of the GBTC trust for $12.85 million from its Next Generation Internet exchange-traded fund (ARKW).