**ARK Invest Increases BitMine Stake Despite Offloading $30 Million in Tesla Shares**
Cathie Wood’s ARK Invest has recently made headlines by selling approximately $30 million worth of Tesla Inc. shares while simultaneously increasing its investment in BitMine Immersion Technologies. According to ARK’s daily trading disclosures, the firm sold 71,638 shares of Tesla across its flagship exchange-traded funds (ETFs). This marks a notable shift given that ARK has maintained Tesla as its primary investment since 2018.
In a strategic pivot, ARK also acquired 48,454 shares in the Ethereum treasury firm BitMine, owned by Tom Lee. These shares, valued at around $2 million, were purchased through three of ARK’s ETFs: the ARK Next Generation Internet ETF, the ARK Innovation ETF, and the ARK Fintech Innovation ETF.
Cathie Wood has been accelerating her firm’s acquisitions in crypto-related stocks despite a broader market downturn. Alongside BitMine, ARK Invest holds notable stakes in other popular crypto companies including Circle Internet Group, Coinbase Global, and Robinhood Markets.
**Shift in Focus: From Tesla to BitMine**
Since April of this year, ARK Invest has been steadily increasing its shares in BitMine, anticipating the company’s shift toward an Ethereum treasury strategy. BitMine began accumulating Ethereum as a treasury asset in late June 2025, officially launching the initiative on June 30, 2025.
Following ARK’s investment announcement, BitMine’s shares surged by 7.65%, reaching an all-time high of $40.23 in after-hours trading. Furthermore, the stock has seen an impressive 415% increase since the beginning of the year.
In contrast, ARK divested approximately 71,638 Tesla shares, with the total position valued at roughly $30 million based on Tesla’s closing price of $429.52 per share.
**Analyst Perspectives**
The recent moves by ARK Invest have drawn attention from market analysts. Several experts have shared their views regarding the implications of ARK’s shift from automotive to crypto-related assets. [Add analyst insights if available.]
As ARK Invest adapts its portfolio strategy amid changing market dynamics, investors will be closely watching the performance of BitMine and the evolving crypto sector alongside traditional holdings like Tesla.
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*Source: BitcoinEthereumNews.com*
https://bitcoinethereumnews.com/finance/ark-invest-increases-bitmine-stake-despite-offloading-30-million-in-tesla-shares/