Key facts
- ARK Invest purchased nearly $60 million in Tesla, Circle, and Securitize Corp. stock on July 23.
- Tesla was ARK's largest purchase, valued at approximately $51.20 million.
- ARK Invest also acquired over 121,000 SpaceX shares worth about $14 million.
- The purchases occurred during a broad U.S. stock market sell-off.
- Inflationary pressures from oil prices and rising Treasury yields contributed to bearish sentiment.
Cathie Wood's ARK Invest executed significant stock purchases totaling nearly $60 million on Thursday, July 23, acquiring shares in Tesla, Circle Internet Group, and Securitize Corp. These investments occurred amidst a sharp downturn in the U.S. stock market, influenced by rising oil prices, increasing Treasury yields, and a strengthening dollar, which collectively fostered bearish investor sentiment. Tesla represented the largest portion of ARK's purchases for the day, with the EV maker's stock falling 14.52% to close at $319.69. ARK Invest acquired approximately $51.20 million worth of Tesla shares across its various exchange-traded funds. Additionally, ARK Invest increased its holdings in Circle Internet Group, a stablecoin provider, with purchases valued at around $8.09 million, and bought 48,377 shares of Securitize Corp. for an estimated $353,152. The firm had also recently invested $14 million in SpaceX shares amid speculation of a potential merger with Tesla. The broader market sell-off saw the Dow Jones Industrial Average fall 0.97%, the Nasdaq Composite drop 2.15%, and the S&P 500 decline 1.21%. Joe Mazzola of Charles Schwab noted that while some tech earnings were positive, geopolitical headwinds and bond market concerns, including a new 2026 high for the 10-year Treasury yield at 4.71%, overshadowed positive corporate results.