Cathie Wood of Ark Invest just sold nearly 1.41 million shares of Coinbase $COIN, at near all-time lows of $53
Cathie Wood of ARKK just sold nearly 1.41 million shares of Coinbase, $COIN, at all-time lows of $53.
The average cost average that $ARKK purchased $COIN at was $254.65.
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One would remember that Cathie Wood bought 750k shares of $COIN on IPO Day, at an average in the high 300s
Coinbase had debuted on the Nasdaq exchange at $381 per share, but quickly hit a high of just under $430, before closing the day at around $328. That closing price gives Wood a $248 million stake in the crypto exchange.
$ARK Innovation ETF(ARKK.US$ $Coinbase(COIN.US$ $Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$ $Tesla(TSLA.US$
The average cost average that $ARKK purchased $COIN at was $254.65.
One would remember that Cathie Wood bought 750k shares of $COIN on IPO Day, at an average in the high 300s
Coinbase had debuted on the Nasdaq exchange at $381 per share, but quickly hit a high of just under $430, before closing the day at around $328. That closing price gives Wood a $248 million stake in the crypto exchange.
$ARK Innovation ETF(ARKK.US$ $Coinbase(COIN.US$ $Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$ $Tesla(TSLA.US$
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Rigid Bull : When Coinbase IPO I did not invest. I made an account with Coinbase to try out their service first.
Coinbase has the worse service I have ever experienced. I put £100 in the account and then they locked my account and made me re-verify. Everything I sent them was declined. 8 months on and they finally verified me. I then tried to withdraw my money but they will not allow me to take out my money using my bank account.
Coinbase is the worst exchange I have experienced and I bet it's not just me who had such a horrible experience. I will stick to FTX and Etorro much better Crypto services and you can withdraw your money no problem.
扶不起阿斗 : is she done selling?
MonkeyGee : This is hilarious. The lady truely buys high and sell low. Now I'm all in on COIN since she is out.
lolilo6686 扶不起阿斗: More than 5 million shares have not been sold out.
TeslaSmurf : To be true, she bought Coinbase at about 52$ and sold it with a +20% profit. She was right in buying and she is right in selling, as long as she gets a profit. About the rest, I agree on the fact that they have a “TIMING” problem with their investments. But the analisys team at ARK is great. She misses the Timing, and that’s a VERY bad thing por a professional trader, maybe the worst.
Sg-Jin : Cathie is beautiful but stop with the buy high sell Low .
Just buy bitty or eth and lock it away babygirl.
CEXs are dead. We use DEXs.
We don’t want goverment to touch our crypto. Store on hardware wallet and use decentralised exchanges like uniswap and them governments can’t do Jack.
Much love
Revelation 6 Rigid Bull: Amen. My moneys been locked up for more than 18 weeks for an unknown reason. When I ask the tell me to stop asking and they will let me know when they’re done. Screw them. Avoid them like a case of the “Biden.”
Revelation 6 Sg-Jin: That would be nice but there are way to many thieves among us.
Revelation 6 MonkeyGee: Coin is about to fail on a big note. They are way over extended on cryptocurrency which are physically nothing and will become nothing in the long run. Faith has been lost, the party is over.
MonkeyGee : That method works. She always sells at the lowest. Did the same on PLTR. You really wonder if she herself is trading against the fund!