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

2025-07-25 08:31:02

Abstract generation in progress

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 total of 30,501 COIN shares from its two funds. It also sold 11,262 shares of Robinhood (HOOD), worth around $1.1 million based on Robinhood's last close on Thursday.

In addition to Coinbase and Robinhood, Cathie Wood's firm also offloaded 123,169 shares of Jack Dorsey's Block Inc (XYZ), worth around $10 million, and 28,906 shares of its own bitcoin ETF (ARKB), worth around $1.1 million.

Read more: ARK Invest Sells $8.64M Coinbase Stake After Crypto Exchange's Shares Rally to Record

View Comments

ARK-0.64%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

Reward
like
Comment
Share

Comment

0/400

No comments

Topic
1/3
1CandyDrop Airdrop Event 6.0
24k Popularity
2Join Alpha RION Airdrop to Earn $40
16k Popularity
3White House Crypto Report
34k Popularity
4Fed Holds Rates Decision
8k Popularity
5Growth Points Draw Round 12 Opens
19k Popularity

sitemap