Cathie Wood Sells $59 Million in Tesla Shares as Elon Musk's Robotaxi Vision Gains Attention; Ark Invests Heavily in These Cryptocurrency Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
0mins
Source: Benzinga
Ark Invest's Significant Trades: On December 15, Ark Invest, led by Cathie Wood, executed major trades involving Tesla, Circle, Coinbase, and Bitmine, reflecting a strategic focus on electric vehicles and cryptocurrency sectors.
Tesla's Stock Movement: Ark sold 124,867 shares of Tesla, generating approximately $59.35 million, amid concerns about the company's future valuation being less tied to vehicle delivery numbers, as analysts suggest a shift towards technology-driven growth.
Investments in Cryptocurrency: Ark purchased shares in Circle and Coinbase, totaling around $27 million, despite the broader cryptocurrency market facing selloffs and challenges, indicating a continued belief in the long-term potential of these assets.
Other Notable Trades: Ark also acquired shares in Bitmine, Bullish, and Block, while selling shares in Shopify and SoFi, showcasing a diverse investment strategy across various sectors, including digital assets and technology.
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Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 169.620
Low
230.00
Averages
361.63
High
440.00
Current: 169.620
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the onchain economy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. The Company offers products and services to various customer groups: consumers, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime trading, markets, base protocol and Coinbase wallet. The Company also provides market infrastructure in the form of exchanges for customers to trade spots and derivatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Personalized Trading Strategies: The new tools enable AI agents to execute more nuanced trading strategies, including autonomously purchasing specific data based on customer preferences, which is expected to significantly increase trading frequency among users who typically lack the time or expertise to manage their investments effectively.
- Intensifying Market Competition: Coinbase is racing against major financial apps like Etoro and Robinhood to release new AI capabilities, which could dramatically shift the investing landscape and attract more users to trade on their platforms, potentially increasing overall market activity.
- Regulatory Challenges and Trust Issues: While the AI tools have the potential to enhance trading frequency, companies must meet fiduciary obligations and ensure customer trust in AI agents, with Coinbase acknowledging that its AI advisor may be inaccurate, placing the onus of investment outcomes on the customers.
See More
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- Innovation Exemption Policy: The SEC is preparing to unveil an innovation exemption policy that would allow crypto companies to offer blockchain-based stocks, potentially enabling firms to experiment with new digital asset business models without full compliance with SEC rules, which could fundamentally alter the structure of equity markets.
- Significant Market Potential: According to CoinMarketCap, the market capitalization of tokenized stocks aimed at retail investors has surged to over $6.4 billion, a dramatic increase from just a few million dollars at the end of 2024, highlighting the rapid growth potential of this emerging market.
- Major Players Ready: Prominent crypto exchanges, including Coinbase, have indicated plans to launch tokenized stocks in the U.S. once regulations permit, while companies like Robinhood and Kraken are already offering such products overseas, demonstrating market readiness and anticipation for the new policy.
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See More
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- Successful Preferred Stock Offering: On June 10, 2026, Bitmine completed the issuance of 3.5 million shares of 9.50% Series A Preferred Stock, generating a net revenue of approximately $273.8 million, which provides robust financial support and enhances the diversity of its capital structure.
- Active Market Trading: Bitmine's stock is actively traded in the U.S. market with an average daily trading volume of $550 million, ranking 203rd among U.S. exchanges, reflecting strong investor confidence in its future growth potential.
- Strategic Investment and Returns: Bitmine anticipates annual ETH staking revenues of $269 million, which will provide a stable cash flow for dividend payments on its preferred stock, demonstrating the company's strong profitability and sustainable growth strategy in the digital asset space.
See More
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- Platform Expansion: Coinbase has announced the introduction of tokenized stocks, AI investment tools, options trading, and prediction markets, marking its transformation into an 'Everything Exchange,' which is expected to attract more users and enhance market competitiveness.
- Tokenized Stocks Launch: Fully backed 1:1 tokenized U.S. stocks are set to launch next month, allowing users to enjoy actual ownership and dividends, while 24/7 trading will enhance user experience and liquidity.
- AI Investment Advisor Introduction: Coinbase Advisor becomes one of the first SEC-registered AI investment advisors, offering personalized investment analysis and tax-loss harvesting, aimed at enhancing the intelligence of user investment decisions.
- Lending and Payment Integration: Through integrations with Morpho and Jito, users can borrow against various crypto assets, while Coinbase's partnership with Amazon AWS expands its smart payment capabilities, further enhancing the platform's comprehensive financial service offerings.
See More
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- Significant ETH Holdings: Bitmine currently holds 4,718,677 ETH valued at $8.1 billion, representing 4.66% of the total ETH supply, positioning it as a leader in global ETH reserves and enhancing its market influence.
- Successful Preferred Stock Offering: On June 10, 2026, Bitmine completed the issuance of 3.5 million shares of 9.50% Series A preferred stock, generating a net proceeds of approximately $273.8 million, which supports the diversification of its capital structure and enhances future investment capabilities.
- Strong Market Support: Bitmine's stock trades at an average daily volume of $550 million, ranking 203rd in the U.S. market, indicating robust demand among investors and further solidifying its position in the cryptocurrency sector.
- Strategic Investments and Revenue Outlook: The company anticipates annualized staking revenues of $226 million, and with the launch of the MAVAN platform, Bitmine plans to expand its staking services to attract more institutional investors, thereby driving long-term growth.
See More
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- Historic IPO: SpaceX went public on June 12 at $135 per share, achieving an initial market value of $1.8 trillion, making it the largest IPO in history, with a first-day stock surge of over 20%, pushing its valuation above $2 trillion, indicating strong market expectations for its future potential.
- First-Year Performance Risk: Historical data suggests that large IPOs typically underperform in their first year, with SpaceX's stock potentially declining by 50%, implying that a $10,000 investment could drop to about $4,000 by 2027, reflecting concerns over its high valuation.
- Valuation Warning: With a current market value of $2.2 trillion and sales of $19.3 billion, SpaceX's stock trades at an exorbitant valuation of approximately 115 times sales, significantly higher than Palantir's 59 times, indicating that such a premium is unsustainable and could lead to future price corrections.
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See More
