Reasons for selling shares
ARK Invest started buying shares of the cryptocurrency exchange again last fall. Before that, the company was taking a break for 4 months. After the resumption of the purchase, it increased its positions. However, in March, I decided to get rid of a package worth $ 13.5 million.
The following month, the funds again carried out the purchase of shares of the crypto exchange. The amount then amounted to more than $8.5 million. The transaction was carried out at the time of filing a judicial complaint of the cryptocurrency platform against the securities office.
In May, investment companies owned by ARK Invest again invested in two rounds. In the first, more than $ 8 million was invested, in the second less — $ 7.5 million.
The last purchase was on June 6. On the same day, the agency filed a lawsuit against the cryptocurrency exchange. At that time funds. ARK Invest owned purchased less than 420 thousand shares. The amount amounted to more than $21.5 million. However, it has now become known about the sale of shares in the amount of $ 13.5 million.
