ARK Invest sells $90 million worth of Coinbase shares amid analyst upgrades
ARK Invest, one of the leading institutional backers of Coinbase Global (COIN), made a significant move last Friday by offloading nearly half a million shares of the Nasdaq-listed cryptocurrency exchange. The sale, valued at approximately $90 million, comes in the wake of a surge in analyst upgrades following Coinbase’s impressive fourth-quarter results, which surpassed Wall…