Ark Invest, led by Cathie Wood, sold over $19 million in Coinbase shares as Bitcoin dropped to nearly $60,000. Despite a 48% drop in six months, COIN saw a 9% increase to $159.13 on Friday. Wood’s firm also added shares in Bullish and Solmate, despite losses in Q4.

Amidst a crypto market downturn, Ark Invest acquired 716,000 shares of Bullish, now valued at $19 million. They also bought 150,000 shares of Solmate, even as major crypto treasury firms reported losses. SOL is down 39% in a month, trading at $84.01.

Ark Invest purchased shares in Alphabet and remains bullish on AI despite macroeconomic uncertainty. Wood believes the real bubble is in precious metals like gold, not in AI.

Read more at Yahoo Finance: Cathie Wood’s Ark Invest Dumps Coinbase Shares Amid Bitcoin Crash