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Ark Invest sells $17 million of Palantir after earnings rally, keeps adding Circle and SpaceX

Ark Invest sells $17 million of Palantir after earnings rally, keeps adding Circle and SpaceX

Cathie Wood's funds sold 109,492 Palantir shares over Aug. 4 and 5 after the company's post-earnings surge, while recent Ark trades also added Circle, SpaceX and Nvidia.

USDC

Fact Check
The Block post (@TheBlockCo) — the originating source — confirms every element of the claim verbatim: $8 million of Coinbase shares, $1.4 million of Circle Internet Group, COIN up 0.16% to $146.5, and CRCL down 3.6% to $60.35. Three independent secondary outlets (CoinNess, Odaily, PANews) all cite The Block and reproduce the same figures and dates. The claim is fully corroborated and consistent with Ark Invest's documented pattern of buying crypto-linked stocks.
Summary

Ark Invest sold 109,492 Palantir shares across Cathie Wood's funds on Aug. 4 and 5, a stake worth about $17 million at the latest closing price, after the software company's second-quarter report showed revenue rose 93% to $1.94 billion and raised its full-year outlook, helping send the stock nearly 30% higher in one session. Recent trading also showed Ark adding Circle, SpaceX and Nvidia while cutting Shopify and Roblox, extending a broader reshuffle across its growth and crypto-linked holdings. The firm had already been building positions in Circle and SpaceX after their quarterly updates, making them the eighth- and fifth-largest holdings in ARKK, respectively. Ark previously disclosed purchases of 273,343 Circle shares worth about $17.3 million and 181,830 SpaceX shares worth about $20 million. Circle reported $701 million in second-quarter revenue and reserve income, adjusted EBITDA of $143 million, USDC circulation of $73.3 billion and on-chain transaction volume of $14.8 trillion, while SpaceX posted $7.8 billion in quarterly revenue but drew investor focus to $18.4 billion in capital expenditures.

Terms & Concepts
  • adjusted EBITDA: A profitability measure that excludes certain non-cash items and other adjustments to show underlying operating performance.
  • on-chain transaction volume: The total value of transactions recorded on a blockchain over a given period.
  • capital expenditures: Money a company spends on long-term assets such as equipment, facilities or infrastructure.