Cathie Wood’s $11M Tesla Exit Fuels Coinbase & Brera Holdings Bet

Cathie Wood's ARK just made a major portfolio pivot—dumping Tesla and doubling down on crypto.

The Big Unload

ARK Investment Management sold a cool $11 million worth of Tesla stock. That's not pocket change, even for a fund that's made big bets on disruptive tech. The move signals a potential reassessment of the electric vehicle giant's near-term runway—or maybe just a classic case of profit-taking after a run.

The Crypto Pivot

The proceeds didn't sit idle. The fund immediately channeled capital into Coinbase, the crypto exchange giant, and Brera Holdings, a lesser-known player. This one-two punch reveals a clear strategy: maintain direct exposure to the crypto ecosystem through a leading platform while also hunting for alpha in emerging ancillary businesses. It's a bet that the digital asset infrastructure build-out is far from over.

Wood has long been a vocal crypto bull, framing blockchain and digital assets as core to the future of finance. This trade amplifies that conviction with real capital. While Wall Street traditionalists might scoff—ditching a 'real' company for 'internet money' platforms—the move aligns with a forward-looking thesis on value transfer and financial infrastructure. Sometimes, the future arrives whether your spreadsheet has a column for it or not.

TLDR

• Cathie Wood’s ARK Invest sold 23,110 Tesla shares worth $11.2 million on December 18, 2025, through its flagship ARKK ETF
• ARK purchased 17,386 Coinbase shares valued at $4.15 million across three ETFs following Coinbase’s announcement to launch traditional stock trading
• ARK bought 575,644 Brera Holdings shares worth $1.4 million after the company announced its Solana treasury strategy
• Tesla stock closed at $483.37 on Thursday, up 3.45%, after pulling back from recent record highs earlier in the week
• Wall Street analysts maintain a Hold rating on Tesla with an average price target of $383.83, suggesting potential downside from current levels

Cathie Wood’s ARK Invest executed a major portfolio shift on December 18, 2025, reducing its Tesla position while increasing exposure to cryptocurrency-related companies. The moves signal a tactical rebalancing as tech stocks experience heightened volatility.

ARK sold 23,110 Tesla shares through its flagship ARK Innovation ETF, worth approximately $11.2 million. The sale occurred after Tesla stock pulled back from record highs reached earlier in the week. Despite the recent dip, Tesla shares closed Thursday at $483.37, gaining 3.45% for the day.

Tesla, Inc., TSLA

The electric vehicle Maker has experienced increased volatility as investors track progress in autonomous driving technology. Wall Street analysts currently maintain a Hold consensus rating on Tesla stock. The average price target stands at $383.83 per share, based on ratings from 12 Buy, 12 Hold, and nine Sell recommendations issued in the past three months.

ARK Doubles Down on Coinbase

ARK made a coordinated purchase of Coinbase shares across three of its ETFs. The firm acquired 17,386 shares valued at approximately $4.15 million through its ARK Blockchain & Fintech Innovation ETF, ARK Next Generation Internet ETF, and ARK Innovation ETF.

The purchase followed Coinbase’s announcement to launch commission-free U.S. stock trading with 24-hour access five days a week. The crypto exchange is expanding beyond its digital asset roots to offer traditional equities trading. Management stated that regulatory constraints required starting with conventional stock trading before pursuing blockchain-based equities in the future.

Coinbase positioned the expansion as a step toward becoming a unified platform for both digital assets and traditional stocks. The company aims to diversify revenue streams and reduce dependence on volatile crypto trading cycles.

Brera Holdings Investment Increases

ARK purchased 575,644 shares of Brera Holdings across three ETFs, valued at approximately $1.4 million. The acquisition followed Brera Holdings’ announcement of a solana treasury strategy, which had previously triggered a stock rally.

Brera Holdings stock ROSE 0.84% on Thursday, closing at $2.39. The combined crypto-related investments in Coinbase and Brera Holdings totaled approximately $5.5 million.

ARK also executed other portfolio moves on Thursday. The firm sold 31,149 shares of Ionis Pharmaceuticals through its genomics ETF. ARK bought 755,538 shares of Recursion Pharmaceuticals across two ETFs and sold 35,311 shares of Adaptive Biotechnologies through its genomics fund.