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Ark Invest sells $13.3 million worth of Coinbase stock, market capitalization surpasses $100 billion.
On July 16, according to reports, Ark Invest sold 34,207 shares of Coinbase stock on Tuesday, worth about $13.3 million, after the stock set a closing price record on Monday. In addition, due to ownership percentage restrictions, Ark Invest also sold $8.7 million worth of spot Bitcoin ETF.
Coinbase closed up 1.8% on Monday, reaching a record $394.01, with a market cap exceeding $100 billion for the first time.