Last Friday marked an eventful day for Cathie Wood and Ark Invest as the firm made notable trades with Palantir Technologies Inc. (PLTR), the ARK 21Shares Bitcoin ETF (ARKB), and Quantum-Si Inc. (QSI).
In the case of Palantir, Ark Invest opted to sell 20,332 shares. This decision reflects the firm’s ongoing strategy to trim its stake in the increasingly popular AI stock. The sale, processed through the ARK Innovation ETF, amounted to about $1.6 million, based on the last market closing price of $79.89.
Meanwhile, as the excitement around Bitcoin surged and the cryptocurrency surpassed the $100,000 milestone, Ark’s ARK 21Shares Bitcoin ETF gained additional attention. Well-known for her positive stance on Bitcoin, Wood took this opportunity to secure some gains by selling 18,476 shares of the Bitcoin ETF through the ARK Next Generation Internet ETF (ARKW).
Other noteworthy trades included a withdrawal of 452,570 shares from Quantum-Si via the ARK Genomic Revolution ETF (ARKG), and an acquisition of 53,376 shares from Tempo AI Inc. through the same fund. Additionally, Ark Invest purchased 44,887 shares of Recursion Pharmaceuticals Inc. via the ARKG.
As 2025 begins with Bitcoin’s price on a high note, these strategic moves by Ark Invest highlight their active management style and attention to market trends. Cathie Wood’s ability to adapt and react to changing market dynamics remains a focus for investors keeping an eye on AI stocks and cryptocurrency developments.
Stay tuned for future updates on Ark Invest and its evolving portfolio strategies.
