Cathie Wood's Ark Invest Books Profits On Hot AI Stock Palantir, Sells Bitcoin ETF Shares As BTC Starts 2025 On A Positive Note
Palantir Technologies PLTR | 69.99 68.45 | -7.81% -2.20% Pre |
Quantum-Si Incorporated - Class A Common Stock QSI | 3.50 3.19 | -14.76% -8.73% Pre |
RECURSION PHARMACEUTICALS, INC. RXRX | 7.49 7.52 | -5.79% +0.40% Pre |
Tempus AI TEM | 38.88 39.00 | -4.62% +0.32% Pre |
ARK 21Shares Bitcoin ETF ARKB | 96.19 95.38 | -5.77% -0.84% Pre |
On Friday, Cathie Wood-led Ark Invest made significant trades involving Palantir Technologies Inc. (Palantir Technologies(PLTR.US) ), Ark 21Shares Bitcoin ETF (ARK 21Shares Bitcoin ETF(ARKB.US) ), and Quantum-Si Inc. ($QSI).
The PLTR Trade
Ark Invest sold 20,332 shares of Palantir. This move aligns with Ark’s recent trend of reducing its position in the hot AI stock. The sale was executed through the ARK Innovation ETF. The value of the trade, calculated from the last closing price of $79.89, is approximately $1.6 million.
The ARKB Trade
As Bitcoin crossed the $100,000 mark for the first time, Ark Invest’s ETF ARK 21Shares Bitcoin ETF gained prominence. Cathie Wood, a well-known Bitcoin advocate, celebrated the cryptocurrency's historic rally.
The investment firm took some profits and sold 18,476 shares of the Bitcoin ETF through the ARK Next Generation Internet ETF (NYSE:ARKW).
See Also: Warren Buffett’s Berkshire Hathaway Makes Bold $74 Million Bet On This Forgotten Darling Of Dotcom Boom
Other Key Trades:
Quantum-Si: Ark Invest sold 452,570 shares through the ARK Genomic Revolution ETF (BATS:ARKG).
Tempo AI Inc. (NASDAQ:TEM): Purchased 53,376 shares through the ARKG.
Recursion Pharmaceuticals Inc. (NASDAQ:RXRX): Purchased 44,887 shares through the ARKG.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
