ARK downloads other USD $ 44 million in Coinbase shares after new historical maximums

By Hannah Pérez

Cathie Wood’s investment firm sold almost 125,000 Coinbase shares while prices approach historical maximums. Ark has also been downloading Circle in the middle of a rise in the quotes.

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• Cathie Wood’s investment firm sold almost 125,000 Coinbase shares.
• Coin reached a new historical maximum of USD $ 380 last week.
• It adds to previous sales, raising COIN downloads to USD $ 95 million in 3 days.

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ARK InvestCathie Wood’s investment firm continues to reduce its position in Coinbase (COIN) As the actions of cryptocurrency exchange rise to new historical price maximums.

On Monday, the company downloaded a lot of Coin shares after several days of sale. In particular, sold a total of 124,892 shares of Coinbase for an approximate value of USD $ 43.8 millionhe reported The Block.

The actions left Ark Innovation ETF (Arkk), Ark Next Generation Internet ETF (ARKW) and Ark Fintech (ARKF), and follow similar movements last week. In the last three days of negotiation, Ark has been undone of about USD $ 95 million in shares of Coinbase At the closing price of USD $ 350.49, he shared for his part COINDESK.

Coin’s price reached a Historical maximum of USD $ 382 last week. For Thursday, June 26, Coin closed to USD $ 375.07 marking its highest daily closure since it was made public in April 2021, according to data from Google Finance.

The actions of Coinbase They have been seeing a impulse recently after the stock market debut of CircleUSDC station. Coin closed 0.83% lower on Monday in the middle of a accumulated gain of just over 41% so far from 2025.

ARK has been selling shares of Circle and Coinbase In recent days in the middle of a price rebound. Circlewhich went to the New York Stock Exchange on June 5, had a successful debut by uploading 200% on its first day of negotiation. CRCL shares have been upwards since then, increasing 117% since the launch, according to data from Google Finance.

The company downloaded just over USD $ 100 million in shares of Circle last Tuesday before a sale for USD $ 12.5 million shares of Coinbase. ARK had bought just over USD $ 370 million in shares in Circle The launch day.

The firm of Cathie Wood buys shares at bearish moments and sells at high prices to re -pay its portfolios. The investment strategy of ARK Its objective is not to allow any individual participation to occupy more than 10% of the portfolio portfolio. This is to maintain diversification, so your funds are constantly rebalancing.

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Hannah Pérez / Diariobitcoin

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