Cathie Wood Dumps $11 Milllion Worth Of Tesla Stock While Doubling Down On These Notable Crypto Plays
Cathie Wood's Ark Invest sold $11.2 million worth of Tesla shares amid stock volatility, while purchasing $4.15 million in Coinbase shares, aligning with Coinbase's new stock trading initiative. Ark also increased its stake in Brera Holdings by $1.4 million. Other trades included selling Ionis Pharmaceuticals shares and buying Recursion Pharmaceuticals shares. Tesla's stock, despite recent dips, closed up 3.45% at $483.37. The trades reflect Ark's strategic adjustments in response to market dynamics.
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