SHOCKING: Cathie Wood's ARK Investment Management unloads massive amount of Coinbase shares as crypto market surges

EddieJayonCrypto

 11 Dec 23

tl;dr

BREAKING: Cathie Wood's ARK Investment Management has made significant sales of Coinbase Global (COIN) shares as the crypto exchange stock rallied 9.6% and bitcoin (BTC-USD) jumped 10%. These sales included a total of approximately 759K shares of Coinbase, with the largest sale of 331,126 shares on ...

BREAKING: Cathie Wood's ARK Investment Management has made significant sales of Coinbase Global (COIN) shares as the crypto exchange stock rallied 9.6% and bitcoin (BTC-USD) jumped 10%. These sales included a total of approximately 759K shares of Coinbase, with the largest sale of 331,126 shares on Friday, Dec. 8. The ARK Innovation ETF, ARK Next Generation Internet, and ARK Fintech Innovation ETF also made sales of COIN shares. Despite Coinbase's significant growth over the past year, its stock has dropped 41% since going public in April 2021.

More about Coinbase Global Inc

Key Financial Metrics:

• Market Cap: $35,078,246,000
• Revenue: $2,627,473,000

Stock Performance:

• Change: -3.2%
• 52-Week High: $88.29
• 52-Week Low: $3.27

Market Sentiment:

• Company provides financial infrastructure and technology for the crypto economy
• Market cap and revenue indicate strong market presence
• Stock performance shows recent decline but potential for recovery

Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.