ARK Invest Sells $105.3M in Coinbase After 3.65% Record High Shifts to Tesla

ARK Invest, the high-conviction tech-focused investment firm, executed a swift and significant exit from its Coinbase (COIN) holdings following the cryptocurrency exchange’s record high on July 18, 2025. Data from Cathiesark.com reveals that the firm sold $105.3 million worth of COIN shares between July 21 and 24, a move that demoted the stock from its position as ARK’s top holding to the second-largest. The rapid offloading coincided with a surge in COIN to $444.65, surpassing its previous peak of $429 set in April 2021 [1].

The sell-off marked a strategic reallocation of capital toward Tesla (TSLA), with ARK Invest purchasing $43.7 million in Tesla shares during the same period. This shift elevated Tesla to ARK’s top holding, with the firm now holding a $1 billion stake in the electric vehicle manufacturer. Cathie Wood, ARK’s CEO, has previously projected that Tesla’s stock could reach $2,600 by 2030, a valuation she attributes to the company’s robotaxi platform rather than its automotive business alone. “The electric car is a one-shot sale,” Wood stated, emphasizing the recurring revenue potential of autonomous technology [1].

The timing of ARK’s moves underscores a broader thematic pivot. While Coinbase’s stock had benefited from a broader market rally in crypto and fintech, the firm’s decision to offload shares suggests a reassessment of risk or conviction. Coinbase’s post-earnings rally earlier in the year had driven its valuation to all-time highs, but ARK’s rapid exit indicates a preference for more immediate growth narratives, such as Tesla’s robotics ambitions. The firm’s current $803.5 million stake in COIN remains substantial, but its secondary position highlights a tactical recalibration.

ARK’s actions align with its history of high-conviction trades in disruptive technologies. However, the speed of the COIN sell-off contrasts with its typical long-term investment strategy. Analysts note that the move could reflect short-term profit-taking after a prolonged bull run for crypto assets, though it also raises questions about ARK’s risk management in volatile sectors. The firm’s simultaneous accumulation of Tesla shares reinforces its focus on artificial intelligence and electrification trends, with Wood’s bullish forecasts serving as a key narrative driver [1].

Source: [1] The Daily Hodl, [https://dailyhodl.com/2025/07/30/cathie-woods-ark-invest-dumps-105300000-in-coinbase-coin-stock-after-all-time-high-all-in-just-one-week/](https://dailyhodl.com/2025/07/30/cathie-woods-ark-invest-dumps-105300000-in-coinbase-coin-stock-after-all-time-high-all-in-just-one-week/)