Quick Takeaways
- ARK Invest purchased $2 million worth of BitMine shares across three ETFs.
- The firm sold around $30 million in Tesla stock amid shifting market strategies.
- BitMine shares have surged 415% in 2025 despite $2.1 billion in Ether losses.
ARK Invest Expands Exposure to BitMine
Cathie Wood’s ARK Invest continues to double down on crypto-linked equities, adding fresh exposure to Tom Lee’s BitMine while cutting holdings in Tesla.
According to Friday’s trading disclosures, ARK purchased 48,454 BitMine shares worth approximately $2 million across its ARKK, ARKF, and ARKW ETFs.
BitMine, an Ether-holding firm, has seen its stock skyrocket 415% in 2025, driven by growing institutional interest in Ethereum treasury strategies. Shares rose 7.65% on Friday, closing at $40.23 in after-hours trading.
Tesla Stake Trimmed Amid Market Rotation
While boosting its crypto exposure, ARK sold 71,638 Tesla shares, worth roughly $30 million based on Tesla’s $429.52 closing price.
Tesla’s stock declined 3.68% on the day following its annual shareholder meeting in Austin, Texas. Investors approved Elon Musk’s $1 trillion pay package, despite pushback from major proxy advisors ISS and Glass Lewis.
If Tesla achieves its performance milestones, Musk’s ownership could rise from 13% to 25%, further consolidating his control. The package awards 12 tranches of stock tied to market cap targets ranging from $2 trillion to $8.5 trillion.
BitMine Battles $2.1 Billion in Ether Losses
Despite its massive rally, BitMine faces significant unrealized losses tied to its Ethereum holdings.
According to CryptoQuant, the firm currently sits on $2.1 billion in paper losses amid the broader crypto market downturn. BitMine holds approximately 3.4 million ETH, having added more than 565,000 ETH over the past month.
The company’s aggressive accumulation mirrors the strategy of MicroStrategy’s Bitcoin playbook, positioning Ether as a long-term reserve asset despite short-term volatility.
ARK’s Strategy: From EVs to Digital Assets
The latest trades underscore Cathie Wood’s continued pivot from traditional tech equities toward digital asset exposure.
ARK has steadily increased allocations to blockchain-linked firms since 2024, citing Ethereum’s expanding institutional footprint and DeFi’s growing economic role. As BitMine evolves into a leading Ether treasury vehicle, its inclusion in ARK’s funds signals growing conviction that crypto-native firms could rival the returns of next-generation tech leaders.