TLDR
- Ark Invest bought about $117 million in SpaceX, Nvidia, AMD and Coinbase shares on Thursday.
- The firm sold about $4.55 million combined in Bullish and Bitmine shares.
- The Nasdaq Composite fell 5.52%, its worst day since April 2025.
- Bitcoin dropped 5.8% to $75,908, and ether fell 8.2% to $2,234.
- South Korea’s Kospi briefly halted trading Friday after plunging nearly 9%.
Cathie Wood’s Ark Invest put about $117 million into technology and crypto stocks on Thursday as a broad sell-off hit U.S. technology shares and digital assets. The firm bought shares of SpaceX, Nvidia, AMD and Coinbase, according to its latest trading disclosure.
Ark also trimmed two smaller crypto-related holdings on the same day. It sold about $4.55 million combined in Bullish and Bitmine shares through its exchange-traded funds.
Combined, the four purchases totaled roughly $116.8 million. Ark’s buying outweighed its selling by more than $112 million. The purchases focused on AI and space stocks, while the sales were limited to crypto names.
Where Ark Put Its Money
The largest purchase went to SpaceX. Ark added 393,774 shares worth $48.7 million after the stock dropped 9% on the day.
4/7 🚀 ARK Invest increases SpaceX exposure
ARK Invest adjusted several ETF holdings in its latest trading update.
Three funds increased their positions in SpaceX ($SPCX):
ARKK bought 224,483 shares.
ARKQ bought 63,478 shares.
ARKW bought 60,445 shares.
At the same time,… pic.twitter.com/PpIutuOCe9
— Brainrot Labs (@Brainrot_Labs) November 5, 2026
Ark also bought 252,592 Nvidia shares worth $45.9 million. Nvidia fell 9.26% on Thursday, a decline that wiped out its gains for the year. It was Ark’s second-largest purchase of the day.
The firm added 48,984 AMD shares worth $19.8 million. AMD plunged 17.26% during the session but remained up 81% year-to-date. It was the steepest one-day drop among the stocks Ark bought.
Ark bought 17,806 Coinbase shares worth $2.44 million through its Ark Innovation ETF. Coinbase lost 9.69% to close at $136.82.
The Coinbase trade was the only crypto-related purchase in the disclosure. It was also the smallest of Ark’s four buys by dollar value.
On the selling side, Ark sold 109,522 Bullish shares worth $2.27 million and 119,841 Bitmine shares worth $2.28 million. Bullish fell 10.46% on Thursday, while Bitmine slumped 12.56%. Both stocks fell more than Coinbase during the session.
Stocks, Crypto and Asia Fall Together
The trades came as major U.S. indexes posted steep losses that erased their post-election gains. The tech-heavy Nasdaq Composite closed down 5.52%, its worst day since April 2025, according to CNN.
The S&P 500 lost 4.36% on the day, while the Dow Jones Industrial Average dropped 3.44%. All three major U.S. indexes closed sharply lower.
AI-related stocks were among the hardest hit. The Democrats’ win in the midterm elections sparked fears of a possible slowdown in AI development. Nvidia, AMD and SpaceX each lost 9% or more during the session.
Crypto prices also moved lower. Bitcoin traded down 5.8% over 24 hours at $75,908 as of 11:20 p.m. ET Thursday. It had touched a local low near $75,350 earlier in the day.
Ether dropped 8.2% to $2,234 over the same period, according to The Block’s price data. The second-largest cryptocurrency fell further than bitcoin in percentage terms.
The selling spread to Asian markets on Friday morning. South Korea’s Kospi plunged nearly 9% early in the session, which triggered a brief trading halt.
The Kospi later recovered part of that loss and was down 3.6% around noon local time. Japan’s Nikkei 225 dropped 5.3% during the morning session.
