Ark Invest purchased 38865 shares of Coinbase stock on Monday and sold off $8.2 million worth of ARKB

According to Golden Finance, Ark Invest purchased 38865 shares of Coinbase stock worth $8 million on Monday and sold a spot Bitcoin ETF (ARKB) worth $8.2 million. The company purchased COIN worth $8.7 million for the first time since October and sold ARKB worth $8.6 million for the first time since September. According to the company's disclosure, as of March 3, COIN is currently the sixth largest shareholder in its ARKW fund, with a weight of 6% and a value of approximately $99.1 million. According to The Block's data dashboard, Coinbase's current valuation is $38.3 billion.