ARK Invest bought $60M in Tesla, Circle and Securitize stock as tech stocks crashed. Tesla fell 14.5%. The 10-year yield hit 4.71%. Fed rate hike odds climbed to 38%.
Cathie Wood's ARK Invest bought nearly $60 million worth of stock in Tesla, Circle Internet Group and Securitize Corp. on Thursday, the same day U.S. stocks suffered a broad sell-off.
Tesla accounted for the bulk of the purchases. The electric-vehicle maker slid 14.52% to $319.69, its worst single-day drop in months. ARK funneled roughly $51.2 million into TSLA across four of its exchange-traded funds, based on the closing price.
ARKK, ARK's flagship fund, added 98,782 shares worth about $31.58 million. ARKQ bought 30,396 shares at $9.72 million. ARKW purchased 21,048 shares for $6.73 million, and ARKX picked up 9,925 shares costing $3.17 million.
The firm also boosted its position in Circle Internet Group, the company behind the USDC stablecoin. Circle shares closed at $62.18, down more than 6%. ARK spent roughly $8.09 million on CRCL stock, with ARKK buying 92,352 shares worth $5.74 million and ARKW adding about $1.63 million worth, per ARK's trade disclosures. ARKF purchased 11,512 shares for roughly $715,000.
ARKF also bought 48,377 shares of Securitize Corp., a tokenization platform. Securitize closed at $7.30, down 4.82%. The purchase was worth an estimated $353,000 at the closing price.
The buying spree came during a sharp downturn. Brent crude oil pushed above $101 a barrel overnight. The benchmark 10-year Treasury yield hit a new 2026 high of 4.71%, and the U.S. dollar strengthened. Technology stocks took the heaviest losses, with Tesla, Alphabet, Nvidia, Meta, Amazon and Oracle all dropping.
The Dow Jones Industrial Average fell 506.93 points, or 0.97%, to 51,711.65. The Nasdaq Composite tumbled 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, said earnings were mostly positive for Alphabet but disappointing for Tesla. "Alphabet raised spending forecasts and Tesla confirmed that 2026 remains a 'massive' spending year, giving chip firms a lift," Mazzola said. "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."
ARK has also been buying SpaceX stock recently, investing $14 million in the private company despite its falling share price and persistent merger speculation with Tesla.
On the proprietary AlphaScala front, TSLA carries an Alpha Score of 29 out of 100, labeled Weak, with a current price of $319.69. CRCL scores 28 out of 100, also labeled Weak. NVDA, down 1.56% on the day, holds a Moderate Alpha Score of 73 out of 100.
The CME FedWatch Tool now pegs the odds of a rate hike at the Federal Reserve's next meeting at 38%, up sharply from a week ago.
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