Cathie Woods Snatches Up Crypto Stocks in Fire Sale: Which Crypto Stocks Are Owned by Cathie Woods?
The $5.4 trillion stock trading market crash didn’t deter ARK Investment. In her characteristic style, Cathie Woods invested another $13 million in Coinbase, acquiring 83,000 shares while others fled.
It’s a familiar contrarian strategy ARK is recognized for, but this time, the pressure seems more intense.
I hope Cathie Woods gets pessimistic 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 rattling the market, Coinbase shares took a 12% hit, yet ARK saw a golden opportunity. ARKK acquired 55,000 shares, with ARKW and ARKF joining in the buying spree.
The trading market wasn’t immune either, seeing the CoinDesk 20 drop 5.8%, but ARK remained steadfast, undeterred from seizing the moment during the downturn. They’re going all in, betting on the premise that today’s price swings fosters tomorrow’s strength.
Cathie Woods’s Vision for Tesla Stock
Another cornerstone of ARK’s investment philosophy is Tesla, a long-standing favorite in its holdings. Currently, Tesla constitutes ARK Innovation ETF’s largest investment, representing 10% of its $5.8 billion portfolio as of March 24. Wood’s uptrend outlook on Tesla is unbounded; she foresees its stock reaching $2,600 within five years, primarily driven by its cutting-edge autonomous vehicle technology.
“Tesla’s robo-taxis are expected to make up 90% of its value during that period,” Wood stated at the HSBC Global Investment Summit. She also emphasized Tesla’s dominance in EV technology and pointed out its competitive edge over rival BYD in factors such as range and performance for costs.
FYI: Elon Musk loses a billion dollars every time Tesla stock decreases by just $2.43 pic.twitter.com/QnV4gY49sQ
— Anonymous (@YourAnonNews) April 3, 2025
Tesla’s performance is waning in Europe and China, and the political landscape surrounding Elon Musk is cloudier than ever. Nevertheless, Cathie Wood remains committed. For her, Tesla’s prospects are not governed by current announcement cycles but rather by a vision that dismisses momentary upheavals.
Confidence in the Future of Crypto and Innovation
Cathie Wood’s latest Coinbase investment undoubtedly illustrates her faith in the future of crypto asset and blockchain technology. While the crypto market grapples with immediate uncertainties, ARK is investing heavily in entities it believes will shape the next wave of technological advancement.
ARK Investment Management continues to thrive amid chaos, seizing Coinbase during crypto downturns and steadfastly holding onto Tesla through market fluctuations. Cathie Wood’s strategy is audacious yet straightforward: take significant risks when others hesitate. As investors observe ARK’s choices, they ponder whether this is due to insight or mere recklessness.
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Key Takeaways
- The $5.4 trillion stock market crash didn’t deter ARK Investment.
- With Trump’s tariffs rattling the trading market, Coinbase shares experienced a 12% drop, yet ARK perceived an opportunity.
- Cathie Wood’s latest investment in Coinbase sends a strong signal about her confidence in the future of digital currency and blockchain technology.
The post Cathie Woods Scoops Crypto Stocks on Fire Sale: What Crypto Stocks Does Cathie Woods Own? appeared first on 99Bitcoins.
