ARK Invest, led by cryptocurrency businesswoman Cathie Wood, continues Coinbase (COIN) sales. According to the firm’s notification to the SEC, ARK sold $24 million worth of COIN shares on Monday.

The firm sold 110,896 Coinbase shares through ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW) and Ark Fintech Innovation ETF (ARKF).

The $24 million sale stands out as one of the firm’s largest daily sales in recent times. ARK has been selling serious Coinbase shares since October. ARK, which started sales as the share value increased to $100, still continues its sales in the $220 level today.

Decreased by almost half

Tesla, like Coinbase, was one of the most held shares of the company known for its investments in technology shares. ARK, which started its sales in October 2023, held around 7 million COIN shares at that time. This number has decreased to about 4 million today.

COIN, which went down to $30 during the crypto crises in 2022, closed yesterday’s trading day at $216.