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<p>The post <a href="https://coinpedia.org/crypto-live-news/ark-invest-again-dumps-74-million-of-coinbase-stock/" rel="noopener noreferrer nofollow">Ark Invest Again Dumps $74 Million of Coinbase Stock!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Ark Invest, the investment management firm led by Cathie Wood, has sold $59 million worth of Coinbase Global (NASDAQ:COIN) stock this week, according to SEC filings. The firm sold an additional 180,422 shares of Coinbase on Wednesday, bringing its total sales of Coinbase stock to $74 million this week. Last week, Ark sold $15 million worth of Coinbase stock. These sales come as the cryptocurrency market continues to struggle with a prolonged downturn. Ark’s decision to sell its Coinbase shares highlights the risks associated with investing in highly speculative assets like cryptocurrencies and cryptocurrency stocks.</p>

Ark Invest Again Dumps $74 Million of Coinbase Stock!

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