ARK Invest Snaps Up Netflix (NFLX) After Earnings Drop While Dumping Crypto Holdings
Key Takeaways Following a two-day trading pause, ARK Invest executed significant portfolio adjustments on Friday The firm acquired 26,161 Netflix shares valued at approximately $2.5M following a nearly 10% post-earnings decline Circle holdings worth $1.21M were liquidated as the company faces legal challenges related to the Drift Protocol incident ARK divested $1.36M in Bullish shares while Bitcoin climbed past $76,000 The firm invested roughly $11.96M in Alamar Biosciences during its Nasdaq debut Cathie Wood’s ARK Invest resumed active trading Friday, April 17, 2026, following a 48-hour hiatus. The investment firm executed a notable strategic pivot: liquidating cryptocurrency-related equities while accumulating positions in established technology and biotechnology companies. The firm purchased 26,161 Netflix shares representing approximately $2.5 million in capital. This move came immediately after Netflix disclosed its Q1 financial results, revealing revenue of $12.25 bill...