Ark Invest reduced its stake in Coinbase stock worth approximately $43.8 million yesterday.

According to BlockBeats news on July 1, The Block reported that on Monday, Cathie Wood's Ark Invest sold 124,892 shares of Coinbase stock, worth approximately $43.8 million. Coinbase (COIN) closed down 0.83% on Monday, at $350.49. Over the past month, the stock has risen 42.12%, and it has increased 41.16% year-to-date.

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