At the time of writing, Coinbase stock is trading at $141.98 whoch indicates a drop of over 3%.
Coinbase stock is in the red zone during the pre-market session today while Bitcoin price has decreased from $44,000 to around $41,600. At the time of writing, BTC is trading at nearly $42,000.
It is reported that Cathie Wood’s ARK Invest has been gradually selling Coinbase Global Inc (NASDAQ: COIN) stock in recent weeks. On Friday, the company got rid of COIN shares worth $49.2 million. The sale that took place on December 8, 2023, is the largest one since July when ARK sold 480,000 shares that were worth $50.5 million at that time.
Now Coinbase stock is exchanging hands at $141.98 (-3.16%).
The article will be enriched with new details soon.
