ARK Warns Crypto Bankruptcies and Shutdowns Will Rise, Cathie Wood’s Stock Buys Show Why

Cathie Wood's ARK bought four more stocks this week. In the same stretch, ARK warned that crypto bankruptcies and shutdowns are about to speed up.

That sounds like a contradiction. It is not. ARK is buying companies that already make money, and that is exactly what its crypto warning is about.

Cathie Wood Buys 4 More Stocks

ARK's July 27 filing lists four buys. Tesla went up 28,705 shares. SpaceX added 38,727 shares. NVIDIA gained 8,332 shares.

The fourth was BitMine's Ethereum treasury play. It climbed 1.25%, or 97,383 shares. That was the biggest jump of the four.

ARK went back for two of them the next day. Tesla grew by another 23,943 shares. The stake is now worth about $860.6 million.

SpaceX rose 118,709 shares, to roughly $498.6 million. Wood has kept buying it since the stock fell below its IPO price in June.