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Interesting coincidence. From yesterday: "Cathie Wood of ARKK sold 160,887 shares of Coinbase, COIN, today." https://twitter.com/unusual_whales/status/1638334
by vyrotek 4y ago
Interesting coincidence. From yesterday:
"Cathie Wood of ARKK sold 160,887 shares of Coinbase, COIN, today."
https://twitter.com/unusual_whales/status/1638334927623311360 https://twitter.com/unusual_whales/status/163833492762331136...
- latchkey 4y agoI don't know why you're getting downvoted, but this is massively relevant. She sold before anyone else knew this was coming.
- robocat 4y agoPerhaps because at present we only know they sold ~2% of their stake. If they knew COIN was about to drop 15% to 20% (based on after market price) I would hope they would have sold off far more than 2%.
- TheBlight 4y ago>After the sale, ARK holds nearly 1.6 million Coinbase shares bought in 2023. The shares are worth more than $132 million at the time of writing. https://cointelegraph.com/news/cathie-wood-s-ark-sells-coinbase-stock-for-the-first-time-in-2023 https://cointelegraph.com/news/cathie-wood-s-ark-sells-coinb...
- femiagbabiaka 4y agoThe entire executive staff has been purely selling for months. xD
- robocat 4y agoCitation? Or where do I look for that information?
- femiagbabiaka 4y agohttps://twitter.com/unusual_whales/status/1638684466955849728?s=20 https://twitter.com/unusual_whales/status/163868446695584972...
- ryan_lane 4y agoExecs are required to be on schedules, and the norm for employees being paid in equity is to sell to diversify. There's nothing abnormal about this.
- femiagbabiaka 4y agoJust look at the timing of when buying stopped: https://twitter.com/unusual_whales/status/1638684466955849728?s=20 https://twitter.com/unusual_whales/status/163868446695584972...
- ryan_lane 4y agoI don't think you understand the concept of a schedule.