Cathie Wood Sells Coinbase Stock for Over $25 Million

2021-10-13 08:08:14

Asian Tech Press (OCT 13) -- Cathy Wood's Ark Invest cut its holdings in Coinbase for the first time, selling more than 98,000 shares worth about US$25 million. After bitcoin rose to a five-month high, Coinbase shares rose as well.

The largest U.S. cryptocurrency exchange shares jumped nearly 6 percent during trading Monday to $262.91 but closed with a narrower gain of 3.3 percent at $256.50. Bitcoin topped $57,000,000 at one point on Monday but retreated on Tuesday.

Cathie Wood Ark Invest Coinbase

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Huawei's Automotive BU spin-off is in the countdown, and old employees are expected to receive extra compensation when they transfer to other companies? Insider: I haven't heard of it.
                            2024-12-27

                                    Mao Yinian, Vice President of Meituan: Meituan has invested in several robot companies including Yushu and Galaxy General
                            2024-12-27

                                    A-share SMIC rose more than 5%
                            2024-12-27

                                    Meituan Vice President Mao Yinian: Meituan has obtained Dubai drone delivery commercial operation qualification
                            2024-12-27

                                    Henan Provincial Development and Reform Commission held a symposium on the development of new energy vehicle industry
                            2024-12-27