ARK Invest has sold another $42.6 million of Coinbase shares (COIN) as the share price rose over 7.7% to a 20-month high on December 13.
While the COIN price surged over $150 on Wednesday for the first time since April 2022, ARK has continued selling its COIN holding, offloading another 283,104 shares, or approximately $42.6 million.
The digital asset investment firm has sold more than $150 million of Coinbase shares since December 5. However, ARK’s remaining COIN holding still represents over 10% of its portfolio valuation.
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