PANews reported on July 1 that Ark Invest, owned by Cathie Wood, sold 124,892 shares of Coinbase worth approximately US$43.8 million on Monday.

Coinbase (COIN) closed down 0.83% on Monday at $350.49, close to its all-time high of $375.07 set last Thursday. In the past month, Coinbase's stock price has risen 42.12%, and the year-to-date increase is 41.16%.