Cathie Wood Doubles Down On Tesla Despite Leadership Exodus, Dumps $22 Million Of Crypto Stocks Amid Bitcoin Buzz

Benzinga
2025.07.16 01:29
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Cathie Wood's Ark Invest made significant trades, increasing Tesla holdings by purchasing over 115,000 shares despite leadership challenges. Ark sold $13.28 million in Coinbase shares and offloaded $8.74 million in ARK 21Shares Bitcoin ETF shares amid Bitcoin's all-time highs. Additionally, Ark acquired nearly 3,000 shares of NVIDIA following positive growth estimates. Other trades included buying Caris Life Sciences and selling Guardant Health and Roku shares. Overall, Ark's strategy reflects adjustments in its cryptocurrency-related investments and a focus on growth opportunities in tech.