Express
Ark Invest Reduces Coinbase and GBTC Holdings and Buys Pinterest Shares
Summary: Cathie Wood's Ark Invest recently a substantial stake in social e-commerce platform Pinterest, purchasing 572,445 shares valued at about US$21.39 million. Alongside this buy, they reduced their holdings in crypto-related stocks, selling 18,962 shares of Coinbase ($2.8 million) and 12,000 shares of GBTC ($409,200). This move integrates Pinterest into the ARKF fund, where it now ...
Cathie Wood's Ark Invest recently a substantial stake in social e-commerce platform Pinterest, purchasing 572,445 shares valued at about US$21.39 million. Alongside this buy, they reduced their holdings in crypto-related stocks, selling 18,962 shares of Coinbase ($2.8 million) and 12,000 shares of GBTC ($409,200). This move integrates Pinterest into the ARKF fund, where it now represents 1.79% of the fund's weight, holding 534,280 Class A shares. As of this shift, Pinterest ranks as ARKF's 17th largest holding.
Author: Katie Lin
Tags: ARFK,ARK Invest,Cathie Wood,Coinbase,Crypto,Fund,GBTC,Pinterest,Shares,Stake,Stocks
Link: Ark Invest Reduces Coinbase and GBTC Holdings and Buys Pinterest Shares [Copy]
