NewsHK
Ark Invest has sold shares in several cryptocurrency companies over the past week as their stock prices rose.
The firm's latest trade disclosures indicate divestments in Coinbase Global, Circle Internet Group, Bullish, and Bitmine. The specific sales included $7 million U.S. of Coinbase Global stock and $13.8 million U.S.
of Circle Internet Group stock. Additionally, the firm sold $3.96 million U.S. of Bitmine stock and $687,693 U.S.
These reductions coincide with a broader rally in the sector, where the prices of digital assets such as Bitcoin and Ethereum have increased by more than 20% since the end of August.
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