ARK Invest increased its holdings in Tesla and Coinbase stocks, with Tesla currently being the third largest holding in ARKK

ChainCatcher news, ARK Innovation ETF (NYSE: ARKK), managed by Cathie Wood's investment firm ARK Invest, increased its holdings by 25,147 shares of Tesla on Tuesday, coinciding with the stock hitting a low, amounting to approximately $2.7 million.

It is reported that since mid-December, it has purchased over 214,000 shares of Tesla stock. Currently, Tesla is the third-largest holding in ARKK. Additionally, ARK Invest has also bought over 6,000 shares of Coinbase, which closed at $32.65 on Tuesday, down about 8%. (Source link)