Ark Invest, Cathie Wood's investment company, sold another 26,743 shares of Coinbase Global Inc. stock ($4.1 million) on Thursday, shortly after recently selling another $25 million worth of the company's shares.
Ark Invest is this way maintaining its process of selling shares of the US cryptocurrency exchange through its ARK Innovation ETF.
Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world
According to the daily trading statement, the ETF bought 132,955 shares of Recursion Pharmaceuticals in a trade valued at around $1.48 million, on the same day.
In total, the company's ETFs have sold more than $200 million worth of Coinbase shares, which accumulated a 360% gain over the past year, over the past few weeks.
Coinbase remains the largest asset in the ARK Innovation ETF portfolio, with more than $145 million.