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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

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

COIN ARK Bitcoin Coinbase Nvidia ARKB United States Crypto Ark Invest ETF
Germany,,Mannheim,January,29.,2025,,Sign,Or,Lettering,Of,Ark

Cathie Wood-led Ark Invest made significant trades on Tuesday, involving major companies like Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc. (NASDAQ:COIN), ARK 21Shares Bitcoin ETF (BATS:ARKB) and NVIDIA Corp.(NASDAQ:NVDA).

The Tesla Trade: On Tuesday, ARK Innovation ETF (BATS:ARKK) and ARK Next Generation Internet ETF (BATS:ARKW) increased their holdings in the Elon Musk-led company by purchasing 45,145 and 70,235 shares, respectively. The transactions come amid Tesla’s recent challenges, including the departure of Troy Jones, VP of sales for North America, and increased scrutiny on its self-driving technology. The company has seen a wave of high-profile exits recently. The total value of the Tesla shares bought by Ark on this day amounts to $35.86 million, based on the latest closing price of $310.78.

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