Ark Invest sold approximately $13.3 million worth of Coinbase stock yesterday.

BlockBeats News, July 16th, according to The Block, on Tuesday, Ark Invest sold 34,207 shares of Coinbase stock worth about $13.3 million. The stock had hit a record closing price on Monday. In addition, due to ownership limit restrictions, Ark Invest also sold $8.7 million worth of a spot bitcoin ETF.

Coinbase closed up 1.8% on Monday, reaching a record high of $394.01, with a market capitalization surpassing the $100 billion mark for the first time.