Ark Invest Cuts Coinbase Holdings, Channels $175 Million Into Bitmine

ARK Investment Management announced on Monday that it has sold 218,986 shares of Coinbase (COIN), valued at approximately $90. 6 million. The firm also disclosed an approximately $175 million investment in shares of Ethereum (ETH) treasury company Bitmine Immersion (BMNR). This latest reduction marks the continuation of a series of COIN sales this month, highlighting significant portfolio adjustments source: https://beincrypto.com/ark-investment-coinbase-shares-bitmine-sale/