None
EN
ARK Invest Predicts Surge In Crypto Bankruptcies As Cathie Wood Loads Up On (NASDAQ: TSLA) Tesla And (NASDAQ: NVDA) NVIDIA
['David Prior']
Foreign Policy Journal
ARK Invest’s Cathie Wood has been aggressively buying shares in profitable, revenue-generating companies while simultaneously warning that a sweeping wave of crypto industry failures is imminent.
ARK’s July 27 filing revealed four separate stock purchases, with Tesla (NASDAQ: TSLA) leading the charge as ARK added 28,705 shares to its existing position in the electric vehicle giant.
SpaceX followed with an addition of 38,727 shares, while NVIDIA (NASDAQ: NVDA) saw ARK pick up a further 8,332 shares as Wood continued to back the artificial intelligence infrastructure boom.
ARK returned to two of those positions the very next day, adding another 23,943 Tesla shares and bringing its total stake in the company to an estimated value of around $860.6 million.
The combination of Wood’s stock picks and ARK’s crypto research tells a consistent story: capital is rotating toward businesses with proven earnings, and the era of speculative crypto survival is drawing to a close.