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PensionDanmark Cuts Stake in Coinbase by Nearly Half

Guavy AI Editorial Team
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PensionDanmark Pensionsforsikringsaktieselskab has reduced its stake in Coinbase Global, Inc. by 47.9% during the second quarter.

The fund now owns 27,677 shares of the cryptocurrency exchange's stock and its holdings in Coinbase Global were worth $4,046,000 as of its most recent filing with the Securities and Exchange Commission.

This is not an isolated case, as several other institutional investors have also modified their holdings of COIN. For example, MV Capital Management Inc. acquired a new stake in shares of Coinbase Global in the 4th quarter valued at approximately $27,000.

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