Having sold only $2.88 million of COIN in June and $7.93 million in July, Thursday's sales mean ARK has sold more in one day than in the previous two months combined.
Cathie Wood's investment company ARK Invest sold $14.8 million worth of crypto exchange Coinbase shares on Thursday, the biggest single-day divestment since May 7, ahead of the exchange's second-quarter earnings announcement. The divestment means the company sold more Coinbase shares on the first day of August than in the previous two months combined. It sold $2.88 million of the shares in June and $7.93 million in July.. Profit, however, came in lower than the consensus. The exchange's shares, which fell 5.2% to $212.64 during regular trading, rallied briefly after the report and were little changed in pre-market trading..