Cathie Wood's Ark Invest has sold some of its Coinbase shares, but still holds 4.3% of the total shares. The price of Coinbase stock has been on a constant rally, reaching its highest level since last August.

Ark Invest sold 135,152 Coinbase shares valued at $12 million, but still holds over 11 million shares. The firm also purchased $2.7 million worth of shares in Ginkgo Bioworks. This is the second instance this year where Cathie Wood has capitalized on profits from Coinbase shares.