Ark Invest reduced its Coinbase holdings worth approximately $45 million last week

BlockBeats news, March 4, according to The Block, Cathie Wood’s Ark Invest sold 217,305 Coinbase shares last week, worth nearly $45 million as of Friday’s close. Ark also sold $11.4 million worth of Robinhood stock during the same period. At the close of trading on Friday, Coinbase stock was trading at $205.77, up 22% for the week, up 60% in the past month, and more than 150% for the year, but it is still lower than the $342.98 hit during the peak of the last crypto bull market in November 2021. It's down 40% from its all-time high.