Cathie Wood: Coinbase stock not 'dumping' but active portfolio management
By:Cointime
Cathie Wood explained the reasons behind selling Coinbase stock (COIN). Cathie Wood stated, "The sale of Coinbase stock is not 'dumping,' but rather active portfolio management. It has exceeded 10% of the portfolio, and we are just taking profits. It still holds the top position, and we are redeploying these profits into other stocks." Two days ago, Ark Invest sold $20.8 million worth of Coinbase stock.
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