Cathie Wood’s ARK Invest adds BitMine shares as it offloads $30M in Tesla stock

Cathie Wood’s ARK Invest added $2 million in BitMine shares across its ETFs as the Ether-holding firm’s stock surged 415% in 2025.

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).

Wood’s investment funds have been increasing their exposure to BitMine since it started accumulating Ether (ETH) as a treasury asset in April.

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