On Thursday, July 23, Cathie Wood’s ARK Invest purchased almost $60 million worth of Tesla, Circle Internet Group and Securitize Corp. stock. The purchases coincided with a dramatic sell-off in U.S. stocks. Inflation-driven higher oil prices, higher US Treasury yields and a strong dollar led to a bearish investor sentiment.
Cathie Wood Bets Big On Tesla, Circle, Securitize Stocks
Elon Musk’s Tesla was ARK’s biggest purchase of the day. The EV company fell 14.52% to close at $319.69. ARK purchased roughly $51.20 million in Tesla stock via its four exchange-traded funds (ETFs), per the stock’s closing price.
Cathie Wood’s ARKK ETF added approximately $31.58 million worth of 98,782 TSLA shares. ARKQ’s total number of added Tesla shares added was 30,396, worth $9.72 million. Moreover, ARKW purchased 21,048 Tesla shares at $6.73 million, while ARKX bought 9,925 shares at $3.17 million. Recently, ARK also invested $14 million in SpaceX stock as the share price continued declining despite Tesla merger talks.
Additionally, ARK has raised its stake in Circle Internet Group. The stablecoin provider closed at $62.18, losing over 6%. At this closing, ARK’s purchase of CRCL stock is worth around $8.09 million.
Here is every move that Cathie Wood and Ark Invest made in the stock market today 7/23 pic.twitter.com/f2qHkLBUoN
— Ark Invest Tracker (@ArkkDaily) July 24, 2026
According to ARK Invest’s disclosure, ARKK purchased approximately $5.74 million in Circle stock for a total of 92,352 shares. Nearly $1.63 million worth of shares were added to the ARKW stock. The company, ARKF, bought 11,512 shares that cost about $715,216.
The Cathie Wood-led firm also bought 48,377 shares of Securitize Corp through ARKF. The stock closed at $7.30, down 4.82%. An estimated $353,152 was paid for the purchase at the closing price.
The U.S. Stock Market Plummets Hard
Cathie Wood’s shopping spree occurred while the U.S. stock market registered a crash. Overnight, prices for Brent crude oil rose above $101. Treasury yields and the U.S. dollar also gained. Technology stocks were among the worst hit by the sell-off. Tesla, Alphabet, Nvidia, Meta, Amazon and Oracle stocks were among the worst affected.
The Dow Jones Industrial Average fell 506.93 points, or 0.97%, to 51,711.65. The Nasdaq Composite dropped 553.21 points, or 2.15%, to 25,137.69. The S&P 500 lost 90.66 points, or 1.21%, to close at 7,408.30.
Charles Schwab’s Head Trading and Derivatives Strategist Joe Mazzola commented on the recent tech earnings miss. He said, “Earnings were mostly positive for Alphabet and somewhat disappointing for Tesla. Alphabet raised spending forecasts and Tesla confirmed that 2026 remains a ‘massive’ spending year, giving chip firms a lift.”
He further added, “It wasn’t enough to overcome geopolitical headwinds, and worries intensified in the bond market, where the benchmark 10-year note yield posted a new 2026 high of 4.71%. In the background, chances of a Federal Reserve rate hike next week keep climbing as oil raises inflation concerns, reaching 38% according to the CME FedWatch Tool.”
To explore tokenized stock trading, visit our page on Best Platforms to Trade Tokenized Stocks.
