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Cathie Wood Dumps Crypto Holdings for Tesla Amid Surge in Stocks
ByAinvest
Monday, Jul 14, 2025 1:30 pm ET1min read
Cathie Wood's ARK Invest sold $14.3M in crypto stocks to buy $18.7M in Tesla shares, citing India launch announcement. The firm unloaded Coinbase and Robinhood shares as they surged to new highs, and acquired Tesla shares amid public feud between Elon Musk and President Donald Trump. Tesla's BTC holdings are worth $1.4B at $121,900.46.
ARK Invest, led by CEO Cathie Wood, has made significant moves in the financial markets, selling $14.3 million worth of crypto-focused shares to acquire $18.7 million in Tesla (Nasdaq: TSLA) stocks. This shift comes amidst the tech giant's plans to enter the Indian market and amid a public feud between Elon Musk and former President Donald Trump.ARK Invest sold 16,627 Coinbase (Nasdaq: COIN) shares worth $6.47 million from its Innovation ETF (ARKK) and 5,596 COIN shares worth $2.17 million from its Next Generation Internet ETF (ARKW) on July 10 and July 11, respectively [1]. Coinbase, the largest crypto exchange in the U.S., reached an all-time high (ATH) of $395.5 on July 11 as Wood's firm kept unloading its shares.
Additionally, ARK Invest unloaded 58,504 Robinhood (Nasdaq: HOOD) shares worth $5.7 million from ARKK on July 10. Robinhood, a platform offering stock and crypto trading, went public in November 2021. Despite recent backlash over its tokenized stocks launch, the excitement around the new suite of products helped the stock reach a record high of $101.50 on July 11.
In contrast to these crypto sales, ARK Invest acquired Tesla shares worth $18.7 million on July 11. The firm bought 45,761 TSLA shares worth $14.3 million for ARKK and 13,944 TSLA worth $4.3 million for ARKW. Tesla's recent announcement of its India launch and its ongoing public feud with President Donald Trump may have influenced this decision [2].
Tesla is also a significant Bitcoin holder, with 11,509 coins worth $1.4 billion at the time of writing, based on Bitcoin's current price of $121,900.46 [3]. Cathie Wood, a strong Bitcoin advocate, has previously predicted that the king coin could surpass $1.5 million in value.
References:
[1] https://www.thestreet.com/crypto/markets/cathie-wood-unloads-surging-tech-shares-worth-14-4m-to-stack-tesla
[2] https://www.fool.com/investing/2025/07/14/1-top-cryptocurrency-to-buy-before-it-soars-3260-a/
[3] https://www.benzinga.com/news/25/07/46381062/cathie-woods-ark-invest-continues-to-bet-on-tesla-offloads-kratos-defense-and-coinbase
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