Ark Invest, led by Cathie Wood, made significant trades involving Tesla, Coinbase Global, and Brera Holdings. They sold 23,110 Tesla shares valued at $11.2 million, amidst Tesla’s stock pullback after reaching all-time highs. Tesla’s shares have been volatile, with investor focus on autonomous driving advancements.

Despite a recent dip, Tesla’s stock closed at $483.37, marking a 3.45% increase. Ark Invest also strategically purchased Coinbase shares valued at $4.15 million, aligning with Coinbase’s announcement of launching traditional stock trading.

Coinbase announced the launch of commission-free U.S. stock trading, expanding beyond crypto to traditional equities. The move aims to become a single platform for digital assets and traditional stocks, diversifying revenue and reducing dependence on crypto volatility.

Ark Invest increased its stake in Brera Holdings by purchasing 575,644 shares valued at $1.4 million. This follows Brera Holdings’ strategic initiatives, including the Solana treasury strategy, which led to a notable stock rally. Brera Holdings’ stock saw a modest 0.84% rise, closing at $2.39.

Read more at Yahoo Finance: Cathie Wood Dumps $11 Milllion Worth Of Tesla Stock While Doubling Down On These Notable Crypto Plays