ARK Invest Sold $5M of Coinbase Shares, Buys Robinhood and SoFi

Ark Invest sold another $5 million worth of Coinbase shares (COIN) while continuing buying Robinhood shares throughout the month.
ARK Invest Sold $5M of Coinbase Shares, Buys Robinhood and SoFi

On November 29, Cathi Wood’s digital asset investment company, Ark Invest, sold an additional 38,668 Coinbase shares (COIN), valued at over $5 million. In addition to this offloading, it has purchased $1.5 million in SoFi technology and close to $2 million in Robinhood shares (HOOD) (SOFI).

This is Ark Invest’s second sell-off of the week; on Monday, when COIN reached a 19-month high, the company sold $5.26 million worth of Coinbase shares. The sales this week complement the more than $3.3 million in COIN that Ark offloaded last month.

Ark continues to sell its shares of Coinbase and its Bitcoin holdings, but it is also demonstrating its interest in Robinhood by purchasing its shares for the seventh time this month.

According to data, Ark has spent more than $13.5 million this month purchasing Robinhood shares (HOOD). It currently owns $54 million worth of Robinhood shares in total, based on information from the official websites of the business.

With its recent announcement of ambitions to extend its trading services in the United Kingdom and the European Union, cryptocurrency trading platform Robinhood is gradually gaining attention.

More From The Kangaroo Times

Total
0
Shares
Related Posts
Total
0
Share