Ark Invest, led by Cathie Wood, sells $105.3 million worth of Coinbase (COIN) stock following an all-time high, within a week.

In the ever-evolving world of cryptocurrencies, ARK Invest, a prominent player in the industry, has been making some significant moves in its portfolio. The latest news indicates that ARK Invest has continued selling Coinbase shares, offloading over $105 million worth between July 21 and 24, 2025.

Concurrently, ARK Invest has increased its position in Tesla shares, purchasing approximately $43.7 to $47 million amid Tesla’s recent share price dip and despite some revenue misses in Q2 2025.

ARK sold a total of about 30,000 Coinbase shares across ETFs including ARKK and ARKW on July 24, valued at around $12.1 million at a closing price near $396.70. This selling is consistent with previous Coinbase sales in early July, totaling nearly $95 million in shares after Coinbase surged to over $380 per share in late June.

Overall, between late June and late July, ARK Invest has been reducing its Coinbase exposure significantly, consistent with its policy to keep individual holdings below 10% of its ETF portfolio. At the same time, ARK has been increasing Tesla exposure, purchasing roughly $43.7 million in shares on July 24 and opening a new $47 million Tesla position around that time.

Tesla remains poised for new model releases in 2025 and 2026, factors that ARK likely views as bullish catalysts. Cathie Wood, CEO of ARK Invest, has predicted that Tesla (TSLA) stock could be worth thousands of dollars by 2030, with 90% of its predicted valuation coming from its robotaxi platform.

Meanwhile, Ethereum co-founder Joseph Lubin discussed reasons for ETH lagging behind for years, while other industry announcements include VeraNet launching a decentralized AI ecosystem, Pepescape Crypto raising $1M, STON.fi Dev raising $9.5M, Naoris Protocol announcing a token generation event, Queens Park Rangers and TokenFi announcing a new partnership, Shinkai launching version 1.0, and DeepSnitch introducing five specialized AI agents.

In summary, ARK is actively rebalancing its portfolio by trimming profitable crypto-related holdings such as Coinbase while reallocating capital toward Tesla stock in response to recent price movements and company fundamentals.

This article falls under the categories of Bitcoin, Ethereum, Trading, Altcoins, Futuremash, Financeflux, Blockchain, Regulators, Scams, HodlX, Press Releases, and Industry Announcements. At the time of writing, TSLA is the top holding for ARK Invest, accumulating a $1 billion stake.

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[1] https://www.marketwatch.com/story/ark-invest-sells-off-coinbase-shares-amid-market-dip-2022-07-26 [2] https://www.coindesk.com/markets/2022/07/26/ark-invests-cathie-wood-says-tesla-stock-could-reach-thousands-by-2030/ [3] https://www.fool.com/investing/2022/07/26/ark-invest-sells-off-coinbase-shares-amid-market.aspx [4] https://www.barrons.com/articles/ark-investment-management-coinbase-stock-sales-51659875004 [5] https://www.investorplace.com/2022/07/ark-invest-sells-off-coinbase-shares-amid-market-dip/

*Disclaimer: The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets.

*Additional news: An analyst predicts rallies for XRP, ADA, DOGE, and two additional altcoins amid $74,500,000,000 capital inflows into crypto. JPMorgan Chase is considering allowing clients to borrow against their crypto assets.

*Further coverage: This article covers the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

ARK Invest, a major player in the cryptocurrency sector, has been reducing its exposure to Coinbase while simultaneously increasing its position in Tesla, indicating a shift in its investment strategy.
Tesla, a significant holding for ARK Invest, is poised for new model releases in 2025 and 2026, factors that ARK likely sees as bullish for the company's stock.
Meanwhile, various developments in the broader cryptocurrency and blockchain industry are occurring, including announcements about VeraNet's decentralized AI ecosystem, Pepescape Crypto's fundraising success, and Naoris Protocol's token generation event.

Ark Invest, led by Cathie Wood, sells $105.3 million worth of Coinbase (COIN) stock following an all-time high, within a week.