The $5.4 trillion stock market meltdown didn’t scare off ARK Investment. True to form, Cathie Woods threw another $13 million at Coinbase, grabbing 83,000 shares while others ran for the exits.
It’s the same contrarian play ARK is known for, only this time, the stakes feel sharper.
I hope Cathie Woods turns bearish on Bitcoin!! pic.twitter.com/CCaxHEqwa8
— Crypto Chiefs (@cryptochiefss) March 30, 2025
Cathie Woods and ARK’s Bet on Coinbase Stock
With Trump’s tariffs shaking the foundations, Coinbase shares took a 12% punch, but ARK smelled opportunity. ARKK snapped up 55,000 shares, while ARKW and ARKF joined the raid.
Crypto wasn’t spared, with the CoinDesk 20 sliding 5.8%, but ARK’s conviction didn’t break on buying the dip. They’re all-in; betting volatility today builds resilience tomorrow.
Cathie Woods’s Vision for Tesla Stock
Another pillar of ARK’s investment strategy remains Tesla, a company that has long been a favorite in its portfolio. Tesla is currently ARK Innovation ETF’s largest holding, accounting for 10% of its $5.8 billion assets as of March 24. Wood’s optimism about Tesla knows no bounds. She predicts Tesla’s stock will hit $2,600 within five years, powered largely by its advanced autonomous vehicle technology.
“Tesla’s robo taxis will account for 90% of its value over that time,” Wood noted during the HSBC Global Investment Summit. She also highlighted Tesla’s leadership in EV technology and noted its competitiveness relative to rival BYD in metrics like range and power for a given price.
FYI: Elon Musk loses a billion dollars every time the Tesla stock drops by just $2.43 pic.twitter.com/QnV4gY49sQ
— Anonymous (@YourAnonNews) April 3, 2025
Tesla’s numbers are sliding in Europe and China, and the politics circling Elon Musk are murkier than ever. Still, Cathie Wood holds the line. For her, Tesla’s future isn’t tied to today’s headlines but a vision that shrugs off short-term turbulence.
Confidence in the Future of Crypto and Innovation
Cathie Wood’s recent Coinbase purchase clearly shows her confidence in the future of crypto and blockchain technology. While the market faces short-term uncertainty, ARK is doubling down on companies it believes will define the next era of technological innovation.
ARK Investment Management keeps doubling on chaos, grabbing Coinbase during crypto dips and clinging to Tesla through market turbulence. Cathie Wood’s playbook is simple but audacious: bet big when others flinch. Investors tracking ARK’s gambles wonder if this is brilliance or blind bravado.
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Key Takeaways
- The $5.4 trillion stock market meltdown didn’t scare off ARK Investment.
- With Trump’s tariffs shaking the foundations, Coinbase shares took a 12% punch, but ARK smelled opportunity.
- Cathie Wood’s recent Coinbase purchase sends a clear message about her confidence in the future of crypto and blockchain technology.
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