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ARK Invest Cuts Tesla Stake, Buys Coinbase and Brera in Crypto Tilt

The move reflects a continued rotation toward crypto-linked equities prompted by Coinbase's stock-trading launch alongside Brera's Solana treasury plan.

Overview

  • On Dec. 18, ARK Invest sold 23,110 Tesla shares through ARKK, a transaction worth about $11.2 million.
  • ARK acquired 17,386 Coinbase shares across ARKF, ARKW, and ARKK valued at roughly $4.15 million following Coinbase’s plan for commission-free U.S. stock trading with 24-hour access five days a week.
  • ARK bought 575,644 shares of Brera Holdings across three ETFs for about $1.4 million after the company outlined a Solana-based treasury strategy.
  • The firm also rebalanced in genomics, selling 31,149 Ionis shares, buying 755,538 Recursion shares, and selling 35,311 Adaptive Biotechnologies shares.
  • The trades extend a weeks-long shift away from a legacy Tesla overweight toward crypto-related names, with Tesla shares finishing Thursday at $483.37, up 3.45%.