Cathie Wood Sells Some Crypto Assets and Invests in Social Commerce Giant Pinterest

Cathie Wood-led Ark Invest heavily acquired shares of the social commerce company Pinterest on Friday while simultaneously reducing holdings in cryptocurrency-related stocks.

To detail, Ark acquired a total of 572,445 shares of Pinterest, amounting to approximately $21.39 million. Additionally, Ark also sold 18,962 shares of Coinbase valued at $2.8 million and 12,000 shares of GBTC valued at $409,200.