PLTR - Cathie Wood-Led Ark Invest Continues To Sell Coinbase Shares Despite Uptick In Bitcoin Loads Up On Palantir Stock | Benzinga
On Wednesday, Cathie Wood-led Ark Invest sold shares of Coinbase Global, Inc. (NASDAQ:COIN) and purchased those of Palantir Technologies Inc. The Coinbase trade took place amid a backdrop of an uptick in the prices of Bitcoin (CRYPTO: BTC) — the apex cryptocurrency.
The COIN Trade
Ark sold 24,141Coinbase shares through ARK Innovation ETF (NYSE:ARKK), ARK Next Generation Internet ETF (NYSE:ARKW), and Ark Fintech Innovation ETF (NYSE:ARKF). The company’s stock, COIN, has been climbing higher, as reported in a Benzinga article. The closing data for COIN on Wednesday, April 10, 2024, was $250.99, marking a 3.31% increase. Based on the data, the transaction amounted to $6.06 million.
The PLTR Trade
Ark Invest also made a significant move by buying shares of Palantir Technologies This decision aligns with Ark’s strategy of investing in innovative technology companies. The transaction came on a day when Palantir shares ...