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ARKInvest and Grayscale have been actively involved in transferring significant amounts of BTC to Coinbase. ARKInvest sold over 580,000 shares of Coinbase worth $149.85 million, while Grayscale transferred 6,890 BTC worth approximately $498 million and later 563.455 BTC worth $41.08 million. Coinbase's stock price fell by 3.8% following a $1 billion convertible note offering. Cathie Wood's Ark Invest also sold another $27 million worth of Coinbase stock.
According to Arkham, at 21:48 UTC+8 on March 13, Grayscale transferred 529 BTC to the address of Coinbase Prime Deposit, worth approximately US$38 million；it transferred 1,093.9 BTC to a new address, which is suspected to be Grayscale's new custody address.…
🚨 BREAKING 🚨 GRAYSCALE HAS TRANSFERRED JUST 563.455 BTC WORTH $41.08 MILLION TO COINBASE ARE THEY DONE WITH THE SELLING? https://t.co/XadRgnq1px
🚨JUST IN: @ARKINVEST SELLS ANOTHER $27 MILLION WORTH OF @COINBASE STOCK $COIN
