Cathie Wood’s Ark Invest Sells $22M AMD Stock, Buys Circle and Bitmine

TLDR

• ARK Invest sold 87,051 AMD shares worth $22.5 million on Nov 13, days after AMD’s stock rose 10% following its 2025 Analyst Day
• The fund purchased 188,941 Circle Internet shares for $16.3 million across three ETFs, marking the second consecutive day of buying
• ARK added 242,347 Bitmine Immersion Technologies shares worth $9.8 million to increase crypto infrastructure exposure
• Additional sales included $15.6 million in Pinterest, $8.2 million in Regeneron, and $5.4 million in Salesforce
• Biotech purchases included $3.1 million in Beam Therapeutics and $1.2 million in Recursion Pharmaceuticals

Cathie Wood’s ARK Invest made a series of trades on November 13 that shifted the fund’s portfolio away from chip stocks and deeper into crypto investments. The biggest move was selling 87,051 AMD shares through the ARK Innovation ETF.

Advanced Micro Devices, Inc., AMD

The AMD sale came just two days after the chip maker held its 2025 Analyst Day on November 11. The event focused on AI and data center plans and drove the stock up roughly 10 percent. AMD shares then dropped 4 percent on Thursday to close at $247.96.

The sale was valued at approximately $22.5 million. The timing suggests ARK may have been taking profits after the recent price surge.

ARK also reduced positions in other tech names. The fund sold 572,735 Pinterest shares for about $15.6 million. It offloaded 12,083 Regeneron shares worth around $8.2 million and exited 21,974 Salesforce shares for roughly $5.4 million.

Circle Gets Major Backing

On the buying side, ARK made its largest purchase in Circle Internet Group. The firm bought 188,941 shares across three different ETFs for about $16.3 million.

Circle Internet Group, CRCL

Circle is the company behind USDC, the largest stablecoin by market cap. This marked the second straight day of ARK buying Circle stock. The back-to-back purchases show increased confidence in the digital payment infrastructure company.

The purchases were spread across the ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF. This distribution across multiple funds indicates a strategic bet on Circle’s position in the crypto market.

Crypto Infrastructure Bet

ARK also increased its exposure to crypto mining infrastructure. The fund purchased 242,347 shares of Bitmine Immersion Technologies for approximately $9.8 million.

Bitmine provides digital infrastructure for cryptocurrency operations. The purchase aligns with ARK’s growing focus on companies that support crypto networks.

The Bitmine investment came on the same day as the Circle purchase. Together, the two trades totaled over $26 million in new crypto-related investments.

Biotech Additions

In the biotech sector, ARK added to existing positions. The fund bought 140,193 Beam Therapeutics shares valued at about $3.1 million.

This purchase continued a weeklong buying pattern in Beam stock. The gene-editing company has been receiving steady investments from ARK throughout the week.

ARK Invest also acquired 261,439 shares of Recursion Pharmaceuticals for approximately $1.2 million. The trades show continued interest in biotechnology alongside the crypto investments.

The November 13 trading activity totaled over $70 million in combined buys and sells. The shift reduced exposure to established tech stocks while adding to positions in crypto payment systems and mining infrastructure companies.

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