Back to back of ARK Invest on July 12 and 14 coinbaseAnnouncing that she sold her shares, Cathie Wood described this situation as profit realization.
Wednesday and Friday last week coinbase ARK Invest, announcing that it has sold its shares (COIN), has caused concern in the crypto sector, especially in the stock market. Increasing its sales-side transactions with the COIN reaching a one-year high, ARK Invest reported that it has disposed of 248,838 COINs exceeding $26 million. Commenting on the company’s founder, Cathie Wood, who stated that she sold 480,000 COINs worth $50.5 million on July 14, was quick to comment.
“We made a profit”
A few days ago Ripple– SECCommenting on Coinbase by referring to the lawsuit, Cathie Wood said, “We are very positive about Coinbase in light of Ripple’s court ruling against the SEC. We just take the profits and reallocate the capital to some of the survivors.” said. Also, Wood recently stated that ARK has dropped its stake on Twitter by 47% since Elon Musk took it private last year.
Known for its Coinbase maximalism, the company, which made so many sales in a short time, naturally panicked in the stock market users. However, describing this event as profit taking, Wood emphasizes that there is no problem. Considering the price of the COIN, the weight of my sales-oriented works does not create an extra dangerous situation.
