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Manufacturers Life Cuts Stake in Coinbase, Despite Ongoing Institutional Support

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The Manufacturers Life Insurance Company has reduced its stake in Coinbase Global by 16.7% during the first quarter, according to recent SEC filings.

The company owned 116,672 shares of COIN stock after selling 23,328 shares during the quarter.

The value of their holdings was approximately $20 million at the end of the most recent quarter.

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