- Ark Invest made a significant sale of Coinbase stock in December 2023, totaling $49.2 million.
- The sale included 335,860 shares from three funds – ARKW, ARKK, and ARKF.
- The shares were sold at a price of $146.4, but the current trading price is $140.22.
According to MarketWatch, the COIN rate has fallen more than 4% in the last 24 hours.
This sale by Ark Invest is the second largest of the year, with a previous sale in July for $53 million.
The price of Coinbase stock has significantly increased from $33.6 at the beginning of 2023 to $140.22 at the time of writing.
In total, Ark Invest has sold $73.5 million in Coinbase shares from December 4 to December 11, 2023.