ARK Invest Increases BitMine Stake Despite Offloading $30 Million in Tesla Shares

Cathie Wood’s ARK Rotates From Tesla to Ether Treasury Firm BitMine

Wood’s Funds Add to Ether Treasury Exposure ARK Invest, led by Cathie Wood, added to its holdings in Tom Lee’s BitMine while trimming its position in Tesla, according to Friday’s trading disclosures. The firm purchased 48,454 shares of BitMine, worth about $2 million, across three exchange-traded funds — ARK Innovation (ARKK), ARK Fintech Innovation (ARKF), and ARK Next Generation Internet (ARKW). The move extends ARK’s accumulation of BitMine s…

ARK Invest increases BitMine stake despite offloading $30 million in Tesla shares

Cathie Wood’s ARK Invest has sold approximately $30 million worth of Tesla Inc. shares and invested in BitMine Immersion Technologies. The firm sold 71,638 shares of Tesla across its flagship exchange-traded funds, according to ARK’s daily trading disclosures. This shift in interest occurred despite ARK having maintained Tesla as its primary investment since 2018. According to a daily trading note, ARK also acquired 48,454 shares in the Ether tr…

Cathie Wood’s ARK Invest boosts BitMine stake, trims Tesla holdings

Cathie Wood’s ARK Invest has expanded its investment in BitMine, the Ether treasury company founded by Tom Lee, while paring back its long-standing exposure to Tesla. The moves, disclosed in ARK’s daily trading update on Friday, highlight the firm’s shifting focus toward digital asset infrastructure and diversification away from some of its traditional high-conviction positions. […]

Cathie Wood’s ARK Invest Buys $2M in BitMine Shares, Sells $30M in Tesla – #CryptoUpdatesGNIT

Cathie Wood’s ARK Invest has increased its exposure to Tom Lee’s Ether treasury firm BitMine while reducing its position in Tesla. According to the firm’s daily trading disclosures dated Friday, ARK purchased a combined 48,454 shares of BitMine (worth around $2 million) across three of its exchange-traded funds (ETFs), including the ARK Innovation ETF (ARKK), the ARK Fintech Innovation ETF (ARKF) and the ARK Next Generation Internet ETF (ARKW). …