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
Should l Buy COIN?
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.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy COIN?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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
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
Kemnay Advisory Services Increases Stake in MercadoLibre
- Share Acquisition Details: Kemnay Advisory Services Inc. increased its position in MercadoLibre by 1,385 shares during Q4 2026, with an estimated trade value of $2.91 million, bringing total holdings to 5,623 shares and reflecting a $1.42 million increase from the previous quarter due to both trading and stock price effects.
- Holding Proportion Analysis: Following this purchase, Kemnay's stake in MercadoLibre represents 1.71% of its 13F AUM, indicating a sustained bullish outlook on the company despite a 3.77% decline in share price over the past year.
- Market Performance Overview: As of February 16, 2026, MercadoLibre shares were priced at $1,988.26, with a market capitalization of $100.80 billion, maintaining rapid revenue growth despite pressures from increased e-commerce competition and rising bad loans.
- Investor Outlook: Kemnay has held MercadoLibre shares since Q2 2020, having previously sold off shares, but has now added shares in each of the last four quarters, suggesting they view the current stock price as an attractive buying opportunity, potentially leading to further purchases in the future.
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
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
Kemnay Advisory Services Increases Stake in MercadoLibre
- Share Acquisition Details: Kemnay Advisory Services Inc. increased its position in MercadoLibre by 1,385 shares during Q4 2026, with an estimated trade value of $2.91 million, bringing total holdings to 5,623 shares and reflecting a $1.42 million increase from the previous quarter due to both trading and stock price effects.
- Holding Proportion Analysis: Following this purchase, Kemnay's stake in MercadoLibre represents 1.71% of its 13F AUM, indicating a sustained bullish outlook on the company despite a 3.77% decline in share price over the past year.
- Market Performance Overview: As of February 16, 2026, MercadoLibre shares were priced at $1,988.26, with a market capitalization of $100.80 billion, maintaining rapid revenue growth despite pressures from increased e-commerce competition and rising bad loans.
- Investor Outlook: Kemnay has held MercadoLibre shares since Q2 2020, having previously sold off shares, but has now added shares in each of the last four quarters, suggesting they view the current stock price as an attractive buying opportunity, potentially leading to further purchases in the future.
See More
