Cathie Wood Trims Tesla Stake, Adds $5.5M in Coinbase and Brera Holdings Stock

TLDR

• ARK Invest offloaded 23,110 Tesla shares valued at $11.2 million through its ARKK ETF on December 18, 2025
• The firm acquired $4.15 million worth of Coinbase stock across multiple funds after the exchange revealed plans for traditional stock trading
• ARK increased its Brera Holdings position by purchasing 575,644 shares worth $1.4 million following the company’s Solana strategy announcement
• Tesla traded at $483.37 on Thursday with a 3.45% gain despite pulling back from earlier weekly highs
• Analyst consensus on Tesla remains at Hold with a $383.83 average target price based on 33 recent ratings

ARK Invest restructured its portfolio on December 18, 2025, cutting its Tesla holdings while channeling funds into cryptocurrency-focused companies. The transactions reflect a shift in strategy as markets navigate tech sector volatility.

The investment firm sold 23,110 Tesla shares through its ARK Innovation ETF for approximately $11.2 million. The divestment came as Tesla stock retreated from record levels achieved earlier in the trading week. Tesla finished Thursday’s session at $483.37, posting a 3.45% increase despite the broader pullback.

Tesla, Inc., TSLA

Tesla has faced increased price swings as market participants monitor developments in autonomous vehicle technology. Analyst sentiment on the stock currently sits at Hold based on recent Wall Street ratings. The consensus price target of $383.83 represents input from 12 Buy ratings, 12 Hold ratings, and nine Sell ratings published over the last three months.

Coinbase Position Expanded

ARK accumulated Coinbase shares across three exchange-traded funds in a coordinated buying effort. The firm purchased 17,386 shares totaling roughly $4.15 million through its blockchain, internet, and innovation-focused ETFs.

The investment followed Coinbase’s decision to introduce commission-free U.S. stock trading available 24 hours daily during weekdays. The platform is moving beyond its cryptocurrency-only model to incorporate traditional equity trading. Company executives explained that regulatory requirements necessitated launching conventional stock trading before implementing blockchain-based securities.

Coinbase framed the new offering as progress toward a comprehensive platform serving both digital and traditional asset classes. The company seeks to broaden its revenue base and decrease reliance on crypto trading volumes.

Brera Holdings Stake Grows

ARK purchased 575,644 Brera Holdings shares distributed across three funds, representing an investment of about $1.4 million. The buy came after Brera Holdings disclosed its Solana treasury strategy, which had previously driven upward movement in the stock price.

Brera Holdings shares advanced 0.84% on Thursday to close at $2.39. The total allocation to crypto-related equities including Coinbase and Brera Holdings reached approximately $5.5 million.

ARK completed additional transactions in its healthcare portfolio on the same day. The firm divested 31,149 Ionis Pharmaceuticals shares through its genomics ETF. ARK acquired 755,538 Recursion Pharmaceuticals shares across two funds and sold 35,311 Adaptive Biotechnologies shares through its genomics-focused vehicle.

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