Once upon a time in the wild world of money, Cathie Wood’s mighty ARK Invest decided it was time to play jetpack with their cash. In just a blink—three days to be exact—they dumped a jaw-dropping $105,300,000 worth of Coinbase (COIN) stock after it hit an all-time high of $444.65. Yes, you read that right, over a hundred million smackeroos gone in a flash—poof! Gone like last week’s leftovers.
Meanwhile, Coinbase was busy soaring past its previous high of $429 from 2021, showing off like a peacock on a sunny day. But the smart money—or maybe just the audacious—began pulling out right after the rocket ride, knocking COIN down a notch from the firm’s top spot. Sad, but hey, that’s investing, isn’t it? A rollercoaster with a splash of panic and a pinch of genius.
But wait, there’s more! While ARK Invest was busy shedding its Coinbase shares, it was busy bingeing on Tesla (TSLA)—gobbling up a hearty $43.7 million worth from July 21st to 24th. Tesla, that shiny electric wonder, now proudly holds a billion-dollar stake, making it the crown jewel of Cathie Wood’s obsession. Who needs slow and steady when you can have turbocharged risk?
At the moment, Tesla is king, with ARK stacking up vehicles like a kid with LEGO blocks. Coinbase? Well, it’s still hanging in second place with a modest $803.5 million—nothing to sneeze at, but not exactly a crown jewel either.
And what does the fortune-teller-in-chief, Cathie, think about all this? She predicts Tesla’s price tag could skyrocket to $2,600 by 2030, mostly thanks to that tiny magical robotaxi platform. Electric cars? Just a “one-shot sale,” she says, flicking her psychic wand. Better sell, hope they come back? That’s the game!
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2025-07-30 15:02