Ark Invest Dumps $12M Coinbase Shares After Loading Up on Ether Treasury Firm Bitmine

Ark Invest Dumps $12M Coinbase Shares After Loading Up on Ether Treasury Firm Bitmine

Ark Invest, the investment firm led by Cathie Wood, offloaded $12 million worth of Coinbase (COIN) on Thursday, continuing the trend of taking profit from its investment in the crypto exchange.Recently, Ark has been selling its Coinbase stake and diversifying into other crypto plays. Last week, the firm invested $116 million into the Peter Thiel-backed ether (ETH) treasury firm, Bitmine Immersion Technologies (BMNR). The investment firm sold a t…

Cathie Wood Pounces On Tesla Dip: Ark Snaps Up $43.7 Million In EV Stock While Ditching Crypto Shares Amid Bitcoin Frenzy - ARK 21Shares Bitcoin ETF Common Shares of Beneficial Interests (BATS:ARKB)

On Thursday, Cathie Wood-led Ark Invest made significant trades, prominently featuring the purchase of Tesla Inc. (NASDAQ:TSLA) shares across multiple ETFs. This move comes amidst a backdrop of strategic sell-offs in other notable cryptocurrency-linked stocks like Coinbase Global Inc. (NASDAQ:COIN), Block Inc. (NYSE:XYZ), and Robinhood Markets Inc. (NASDAQ:HOOD), along with ARK 21Shares Bitcoin ETF (BATS:ARKB). The Tesla Trade Ark Invest’s decis…

Cathie Wood Cuts Coinbase, Robinhood and Block Stakes While Boosting Tesla and Satellite Tech News ETHNews

Ark Invest increased its Tesla stake by buying 143,190 shares valued at $47.6 M during market dips below $305. The firm also acquired 471,024 Iridium Communications shares worth $15.3 M and exited Roblox with all 93,460 shares sold. Ark Invest sold $12.1 million in Coinbase shares on July 24, reducing exposure to crypto trading platforms. The firm unloaded 30,501 COIN shares across its ARKK and ARKW funds. Meanwhile, it trimmed positions in Robi…

Ark Invest Offloads $23M in Crypto-Related Stocks, Led by Coinbase Sale - Crypto Economy

TL;DR Ark Invest sells $23M in crypto stocks, including its own Bitcoin ETF: Offloaded $12.1M Coinbase (COIN), $9.8M Block (SQ), and $1.1M Robinhood (HOOD) amid COIN’s 5% weekly drop. Also sold 28,906 shares of Ark’s Bitcoin ETF (ARKB, $5.87B AUM) as BTC corrected 3% to $115,850. Shifts $179M to Tesla, ETH treasury & satellites: Poured $116M into Ethereum-heavy Bitmine (BMNR +855% monthly), bought $47.6M Tesla (TSLA) during 8% dip, and added $1…

ARK Offloads $12M COIN as Bitmine Tops ETH Treasuries

ARK Invest sold $12M in Coinbase shares and increased its stake in ETH treasury firm Bitmine. Bitmine has now become the leading corporate holder of Ethereum in treasury reserves. The move suggests ETH may challenge Bitcoin as the preferred institutional reserve asset. Cathie Wood’s ARK Invest has made another decisive move in reshaping its crypto exposure. On Thursday, the investment firm sold $12 million worth of Coinbase shares. This marks an…