TechFlow reported on August 2 that, according to CoinDesk, Cathie Wood's investment firm ARK Invest sold $14.8 million worth of shares in cryptocurrency exchange Coinbase (COIN) on Thursday—the largest single-day divestment since May 7 and prior to the exchange's second-quarter earnings release. This sale means ARK Invest disposed of more Coinbase stock on the first day of August than it had in the previous two months combined, having sold $2.88 million and $7.93 million in June and July, respectively.
Previous report, Coinbase (COIN) announced second-quarter revenue slightly exceeding Wall Street analysts' expectations, with total revenue reaching $1.45 billion, above FactSet's estimate of approximately $1.4 billion.
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