Cathie Wood Sells $11 Million in Tesla Shares While Increasing Investment in Key Cryptocurrency Ventures
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2025
0mins
Should l Buy COIN?
Source: Benzinga
Tesla Trade: Ark Invest sold 23,110 shares of Tesla, valued at approximately $11.2 million, amid stock volatility, while Tesla's shares closed at $483.37, reflecting a 3.45% increase.
Coinbase Trade: Ark Invest purchased 17,386 shares of Coinbase for about $4.15 million, aligning with the company's launch of commission-free U.S. stock trading, expanding its services beyond cryptocurrency.
Brera Holdings Trade: Ark Invest increased its stake in Brera Holdings by acquiring 575,644 shares for around $1.4 million, following the company's strategic initiatives that previously boosted its stock.
Other Key Trades: Ark Invest also sold shares of Ionis Pharmaceuticals and Adaptive Biotechnologies while buying a significant number of shares in Recursion Pharmaceuticals across its various ETFs.
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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: 182.360
Low
230.00
Averages
361.63
High
440.00
Current: 182.360
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 cryptoeconomy; 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. Its platform helps people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and global transfers. It offers products and services to various customer groups: individuals, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime Trading, markets, base protocol and Coinbase wallet.
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.
Trump Backs Coinbase in Crypto Bill Lobbying Dispute
- Trump Meets Coinbase CEO: U.S. President Trump privately met with Coinbase CEO Brian Armstrong on Tuesday, later publicly supporting Coinbase's stance in a lobbying dispute with banks, indicating his attention and support for the cryptocurrency industry.
- Crypto Bill Stalled: Trump urged banks to make a good deal with the crypto industry to advance the market-structure bill, emphasizing that the threat posed by banks to the recently adopted Genius Act is unacceptable, echoing Coinbase's position.
- High-Yield Rewards Controversy: Crypto platforms like Coinbase offer rewards of up to 3.5% annual yield for stablecoin holders, significantly higher than traditional bank deposit rates averaging below 0.1%, raising concerns on Wall Street about potential deposit shifts that could undermine lending supporting the broader economy.
- Call for New Regulatory Framework: The proposed bill aims to set new rules for regulating crypto tokens, with Coinbase playing a central role in advocating for this legislation, which seeks to provide much-needed regulatory clarity for the digital asset industry.
See More
Kraken Secures Federal Reserve Master Account, Expanding Business Potential
- Federal Reserve Approval: Kraken has made history as the first cryptocurrency company in the U.S. to secure a Federal Reserve master account, enabling it to settle dollar transactions directly on Fed rails, which enhances transaction efficiency and reduces costs.
- Business Expansion Potential: Anthony Scaramucci, founder of SkyBridge Capital, praised Kraken for building a 'monster business' through 'shrewd acquisitions' and organic growth, positioning it to capture a larger share in the competitive cryptocurrency market.
- IPO Outlook: Following a valuation of $20 billion after securing $800 million in funding last November, Kraken is anticipated to go public soon, with the new master account providing strong support for its IPO plans.
- Flexibility and Adaptability: Scaramucci used an octopus emoji on social media to symbolize Kraken's flexibility, emphasizing its rapid development and adaptability in the cryptocurrency industry, indicating broader business expansion opportunities ahead.
See More
Eric Trump Accuses U.S. Banking Giants of Targeting Crypto Industry
- Accusations Against Banking Giants: Eric Trump publicly criticized major U.S. banks like JPMorgan and Bank of America, claiming they are 'desperately targeting' the cryptocurrency industry by using the CLARITY Act to restrict stablecoin yields, which could negatively impact the crypto market's growth.
- Family Feud with Banks: The Trump family alleges that JPMorgan and Bank of America closed hundreds of accounts linked to their businesses for politically motivated reasons, although these banks have consistently denied such claims, potentially exacerbating public distrust in the banking sector.
- Crypto vs. Traditional Finance Clash: Eric Trump's remarks followed his father Donald Trump's post on Truth Social, which stated that banks are attempting to undermine crucial cryptocurrency legislation, risking the loss of innovation to countries like China, highlighting the ongoing tension between the crypto industry and traditional finance.
- Market Reaction: Following Trump's comments, JPMorgan's shares rose 0.11% in after-hours trading after a 0.29% decline to $299.39 during regular trading, indicating a complex market response to the relationship between banking and cryptocurrency, while American Bitcoin shares surged by 11.65%.
See More
Cryptocurrencies Rally Strongly Amid Market Recovery
- Bitcoin Rebound: Bitcoin surged past $74,000 for the first time in a month, with a 52% increase in trading volume over the last 24 hours, indicating strong demand and a potential recovery in investor confidence.
- Market Liquidation: Nearly $600 million was liquidated in the past 24 hours, with $477 million in bearish shorts wiped out, suggesting that investors are rapidly adjusting their strategies in response to the rally, which could impact future market volatility.
- Stock Market Rally: The Dow Jones Industrial Average rose by 238.14 points, or 0.49%, while the S&P 500 increased by 0.78%, reflecting improved overall market sentiment, likely influenced by the cryptocurrency rebound.
- Analyst Insights: Analyst Ali Martinez noted that Bitcoin's major resistance level is at $70,685, and if surpassed, it could drive prices further up to resistance zones around $83,307 and $84,569, indicating potential new upward momentum in the market.
See More
US Stock Market Rises on Economic Resilience
- Strong Economic Data: The February ADP employment report revealed an addition of 63,000 jobs, surpassing expectations of 50,000, indicating continued growth in the labor market and boosting investor confidence in economic recovery.
- Service Sector Expansion: The US ISM services index unexpectedly rose to 56.1 in February, significantly better than the anticipated 53.5, reflecting the fastest pace of expansion in 3.5 years and further supporting the stock market rally.
- Oil Price Volatility: Crude oil prices surged over 1% due to the closure of the Strait of Hormuz, despite reports suggesting Iran's willingness to discuss terms for ending the conflict, intensifying market concerns over energy supply.
- Market Performance: The S&P 500 index rose by 0.78%, the Dow Jones Industrial Average increased by 0.49%, and the Nasdaq 100 index climbed by 1.51%, reflecting optimistic expectations regarding economic resilience and corporate earnings.
See More
Morgan Stanley Bitcoin Trust Partners with Coinbase for Custody
- Bitcoin Price Surge: Bitcoin rallied 7.3% to $73,042 on Wednesday, driving crypto-linked stocks like Coinbase and Riot Platforms up by 14.5% and 8.1% respectively, indicating a significant improvement in market sentiment.
- Trust Structure and Partnership: Morgan Stanley Bitcoin Trust plans to store its bitcoin with Coinbase and BNY, with BNY serving as administrator and cash custodian while Coinbase acts as co-custodian, enhancing security and transparency for investors.
- Market Inflection Point: Analysts suggest the crypto market may be at an inflection point, as recent policy support and improved sentiment could end the 44% decline since October 10 and potentially trigger a bull market, indicating a possible recovery.
- Trump's Influence: Trump's support for the CLARITY Act is seen as a significant positive for the crypto market, with analysts believing it will bolster market confidence and potentially enhance the long-term fundamentals of bitcoin and related assets.
See More
Trump Backs Coinbase in Crypto Bill Lobbying Dispute
- Trump Meets Coinbase CEO: U.S. President Trump privately met with Coinbase CEO Brian Armstrong on Tuesday, later publicly supporting Coinbase's stance in a lobbying dispute with banks, indicating his attention and support for the cryptocurrency industry.
- Crypto Bill Stalled: Trump urged banks to make a good deal with the crypto industry to advance the market-structure bill, emphasizing that the threat posed by banks to the recently adopted Genius Act is unacceptable, echoing Coinbase's position.
- High-Yield Rewards Controversy: Crypto platforms like Coinbase offer rewards of up to 3.5% annual yield for stablecoin holders, significantly higher than traditional bank deposit rates averaging below 0.1%, raising concerns on Wall Street about potential deposit shifts that could undermine lending supporting the broader economy.
- Call for New Regulatory Framework: The proposed bill aims to set new rules for regulating crypto tokens, with Coinbase playing a central role in advocating for this legislation, which seeks to provide much-needed regulatory clarity for the digital asset industry.
See More
Kraken Secures Federal Reserve Master Account, Expanding Business Potential
- Federal Reserve Approval: Kraken has made history as the first cryptocurrency company in the U.S. to secure a Federal Reserve master account, enabling it to settle dollar transactions directly on Fed rails, which enhances transaction efficiency and reduces costs.
- Business Expansion Potential: Anthony Scaramucci, founder of SkyBridge Capital, praised Kraken for building a 'monster business' through 'shrewd acquisitions' and organic growth, positioning it to capture a larger share in the competitive cryptocurrency market.
- IPO Outlook: Following a valuation of $20 billion after securing $800 million in funding last November, Kraken is anticipated to go public soon, with the new master account providing strong support for its IPO plans.
- Flexibility and Adaptability: Scaramucci used an octopus emoji on social media to symbolize Kraken's flexibility, emphasizing its rapid development and adaptability in the cryptocurrency industry, indicating broader business expansion opportunities ahead.
See More
Eric Trump Accuses U.S. Banking Giants of Targeting Crypto Industry
- Accusations Against Banking Giants: Eric Trump publicly criticized major U.S. banks like JPMorgan and Bank of America, claiming they are 'desperately targeting' the cryptocurrency industry by using the CLARITY Act to restrict stablecoin yields, which could negatively impact the crypto market's growth.
- Family Feud with Banks: The Trump family alleges that JPMorgan and Bank of America closed hundreds of accounts linked to their businesses for politically motivated reasons, although these banks have consistently denied such claims, potentially exacerbating public distrust in the banking sector.
- Crypto vs. Traditional Finance Clash: Eric Trump's remarks followed his father Donald Trump's post on Truth Social, which stated that banks are attempting to undermine crucial cryptocurrency legislation, risking the loss of innovation to countries like China, highlighting the ongoing tension between the crypto industry and traditional finance.
- Market Reaction: Following Trump's comments, JPMorgan's shares rose 0.11% in after-hours trading after a 0.29% decline to $299.39 during regular trading, indicating a complex market response to the relationship between banking and cryptocurrency, while American Bitcoin shares surged by 11.65%.
See More
Cryptocurrencies Rally Strongly Amid Market Recovery
- Bitcoin Rebound: Bitcoin surged past $74,000 for the first time in a month, with a 52% increase in trading volume over the last 24 hours, indicating strong demand and a potential recovery in investor confidence.
- Market Liquidation: Nearly $600 million was liquidated in the past 24 hours, with $477 million in bearish shorts wiped out, suggesting that investors are rapidly adjusting their strategies in response to the rally, which could impact future market volatility.
- Stock Market Rally: The Dow Jones Industrial Average rose by 238.14 points, or 0.49%, while the S&P 500 increased by 0.78%, reflecting improved overall market sentiment, likely influenced by the cryptocurrency rebound.
- Analyst Insights: Analyst Ali Martinez noted that Bitcoin's major resistance level is at $70,685, and if surpassed, it could drive prices further up to resistance zones around $83,307 and $84,569, indicating potential new upward momentum in the market.
See More
US Stock Market Rises on Economic Resilience
- Strong Economic Data: The February ADP employment report revealed an addition of 63,000 jobs, surpassing expectations of 50,000, indicating continued growth in the labor market and boosting investor confidence in economic recovery.
- Service Sector Expansion: The US ISM services index unexpectedly rose to 56.1 in February, significantly better than the anticipated 53.5, reflecting the fastest pace of expansion in 3.5 years and further supporting the stock market rally.
- Oil Price Volatility: Crude oil prices surged over 1% due to the closure of the Strait of Hormuz, despite reports suggesting Iran's willingness to discuss terms for ending the conflict, intensifying market concerns over energy supply.
- Market Performance: The S&P 500 index rose by 0.78%, the Dow Jones Industrial Average increased by 0.49%, and the Nasdaq 100 index climbed by 1.51%, reflecting optimistic expectations regarding economic resilience and corporate earnings.
See More
Morgan Stanley Bitcoin Trust Partners with Coinbase for Custody
- Bitcoin Price Surge: Bitcoin rallied 7.3% to $73,042 on Wednesday, driving crypto-linked stocks like Coinbase and Riot Platforms up by 14.5% and 8.1% respectively, indicating a significant improvement in market sentiment.
- Trust Structure and Partnership: Morgan Stanley Bitcoin Trust plans to store its bitcoin with Coinbase and BNY, with BNY serving as administrator and cash custodian while Coinbase acts as co-custodian, enhancing security and transparency for investors.
- Market Inflection Point: Analysts suggest the crypto market may be at an inflection point, as recent policy support and improved sentiment could end the 44% decline since October 10 and potentially trigger a bull market, indicating a possible recovery.
- Trump's Influence: Trump's support for the CLARITY Act is seen as a significant positive for the crypto market, with analysts believing it will bolster market confidence and potentially enhance the long-term fundamentals of bitcoin and related assets.
See More
