Cathie Wood’s ARK sells 135K Coinbase shares as price hits $90

Pro-Bitcoin (BTC) Investment veteran Cathie Wood is taking some profits from ARK Invests big Coinbase holdings by offering a small part of its stash.On July 11, Woods investment company ARK unloaded 135,152 Coinbase shares ($ 12 million) from one of its major exchange-traded funds (ETF), the ARK Innovation ETF. On March 21, ARK sold 160,887 Coinbase shares from its ARK Fintech Innovation ETF for $13.5 million, approximately $84 per share.Before taking fresh earnings from ARKs Coinbase holdings, Wood has been actively building up the stock in multiple ARK funds. Formerly, the financial investment company bought around $33 million of shares in April and May, as well as $117 million worth of Coinbase shares in March.Related: Coinbase was conscious of securities law offenses, SEC declares in letterMultiple Coinbase executives, consisting of CEO Brian Armstrong, have actually been offering their shares as the cost rallied in recent months.