Tesla(US:TSLA) Benzinga·2025-12-16 02:44Core Insights - Ark Invest executed significant trades on December 15, focusing on Tesla, Circle Internet Group, Coinbase, and Bitmine Immersion Technologies, indicating a strategic positioning in electric vehicles and cryptocurrency sectors [1] Tesla Trade - Ark Invest sold 124,867 shares of Tesla across its ARK Innovation ETF and ARK Next Generation Internet ETF, generating approximately $59.35 million at a closing price of $475.31 [2] - Analysts are questioning the relevance of Tesla's record EV deliveries for its stock, suggesting a shift in investor focus towards technology-driven valuation rather than traditional automotive metrics [3][4] - Elon Musk emphasized that Tesla's long-term value will be driven by technology, particularly Full Self-Driving software and the Optimus humanoid robot, with estimates suggesting that 80% of future value could come from these innovations [5] Circle Trade - Ark purchased 143,579 shares of Circle Internet Group, totaling approximately $10.8 million at a closing price of $75.46 [6] - Despite Circle's strong third-quarter performance, traders remain cautious about its long-term growth potential amid a broader cryptocurrency market downturn [7] Coinbase Trade - Ark acquired 64,946 shares of Coinbase, valued at approximately $16.3 million with a closing price of $250.42 [8] - Coinbase's stock is under pressure due to broader market trends, but it recently launched a mainnet bridge connecting its Base layer-2 network with Solana, marking a significant integration in the crypto space [9] Bitmine Immersion Trade - Ark bought 550,404 shares of Bitmine Immersion Technologies, totaling approximately $17.03 million at a closing price of $30.95 [10] - Bitmine holds 3.97 million ETH, over 3.2% of global supply, and aims to own 5% of total ETH supply, despite recent price declines in Ethereum [11] Bullish Inc. Trade - Ark purchased 122,360 shares of Bullish, valued at approximately $5.2 million at a closing price of $42.43 [12] - Bullish reported third-quarter revenue of $76.5 million, beating estimates, and highlighted strong momentum from new crypto options products [13] Block Trade - Ark acquired 92,845 shares of Block Inc., valued at approximately $5.9 million at a closing price of $64.02 [14] - JPMorgan reiterated an Overweight rating on Block, citing solid third-quarter performance and improving trends across its core ecosystems [15] ARK 21Shares Bitcoin Trade - Ark bought 43,553 shares of ARK 21Shares Bitcoin ETF, totaling approximately $1.2 million at a closing price of $28.48, aligning with its strategy to increase Bitcoin exposure [16]