Ark Invest reduced its Coinbase stock holdings by $12.50 million yesterday.

According to The $Block, Cathie Wood's Ark Invest's Ark Innovation ETF (ARKK) fund sold $12.500 million worth of Coinbase Global Inc. stock and $12.300 million worth of $Block Inc. stock, while Coinbase's closing price that day hit an all-time high. [ChainCatcher]