Ark Invest Sells $12 Million in Coinbase Shares Amid Portfolio Shift

Ark Invest sold $12 million worth of Coinbase shares on Thursday, continuing its profit-taking strategy. Key actions include:

Offloading 30,501 shares of Coinbase (COIN)
Diversifying investments, including a $116 million stake in Bitmine Immersion Technologies (BMNR)
Selling 11,262 shares of Robinhood (HOOD) for approximately $1.1 million
Disposing of 123,169 shares of Block Inc (XYZ), valued at around $10 million
Selling 28,906 shares of its bitcoin ETF (ARKB) for about $1.1 million