February 9, 2023

Coinbase (COIN) – Get the Coinbase Global Inc. report The stock soared on Thursday as the crypto specialist said it would partner with asset management giant BlackRock (BLK) – Get the BlackRock Inc. report.

Shares jumped 44% in early trading and have since retreated, about 10% to near $89.

This follows yesterday’s 20% gain and Tuesday’s 7.2% rally. With such profits, Cathie Wood & Co. she must be feeling a bit disappointed.

Wood’s Ark Invest dumped more than 1.4 million shares at about $53. This is after the sport based on the average cost close $255 per share — so about an 80% loss at the time of the sale. The sales also came after reports of an SEC investigation into the company.

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