.arkinvest sold off some of its shares of coinbase after buying the dip and accumulating over $575 million worth. thesamreynolds reports
was in early March, when the company acquired a total of over 350,000 shares of Coinbase, including 301,437 shares for its ARK Innovation ETF and 52,525 shares for its Next Generation Internet ETF valued at $22 million.
Year-to-date, COIN is up nearly 150% and closed the Tuesday trading day in the U.S. at $83.99. The stock is still down 54% over the last calendar year. It was listed in April 2021 at $342, and has only come close to rising over its listing price at the height of the bull market in November 2021.
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