Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Saturday Nov 8 2025 07:30
1 min
In a notable investment maneuver, Cathie Wood's ARK Invest has increased its exposure to BitMine, an Ether (ETH) treasury management firm led by Tom Lee. Simultaneously, ARK Invest has trimmed its holdings in Tesla, the electric vehicle giant.
According to the firm's daily trading disclosures dated Friday, ARK purchased a combined 48,454 shares of BitMine, valued at approximately $2 million, across three of its exchange-traded funds (ETFs). These ETFs include the ARK Innovation ETF (ARKK), the ARK Fintech Innovation ETF (ARKF), and the ARK Next Generation Internet ETF (ARKW).
Notably, Wood's investment funds have been steadily increasing their exposure to BitMine since the company began accumulating Ether (ETH) as a treasury asset in April. BitMine shares saw a 7.65% increase during the day, reaching $40.23 in after-hours trading, according to Google Finance. Year-to-date, the stock has gained a staggering 415%.
Conversely, ARK sold approximately 71,638 Tesla shares across its various funds, a position valued at roughly $30 million based on Tesla's closing price of $429.52. Both the ARKK ETF and ARKW ETF reduced their holdings in Tesla, which has been a flagship position for ARK since 2018. Tesla's stock experienced a 3.68% decline on the day.
This move coincides with Tesla shareholders approving CEO Elon Musk's near-$1 trillion pay package, with 75% of voting shares supporting the proposal despite opposition from major proxy advisors Glass Lewis and ISS. The decision, announced at Tesla's annual meeting in Austin, Texas, will increase Musk's control over the company, boosting his ownership from approximately 13% to 25% if Tesla meets the outlined milestones. The package grants Musk 12 tranches of stock tied to performance goals, starting at a $2 trillion market cap and scaling up to $8.5 trillion.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
Latest
View all
Thursday, 13 August 2026
5 min
Wednesday, 12 August 2026
7 min
Wednesday, 12 August 2026
7 min
Thursday, 13 August 2026
Indices
Gold Price Today, August 14: XAU/USD Falls Below $4,350 as Profit-Taking Deepens
Thursday, 13 August 2026
Indices
SanDisk Stock Jumps Nearly 14% on Bullish 2030 Targets, Lam Research Gains Over 3%
Thursday, 13 August 2026
Indices
KOSPI Rises 2.7% Towards 7,000 as SK Hynix Gains 6% and Kioxia Jumps 7%
Wednesday, 12 August 2026
Indices
Gold Price Today, August 13: Gold Climbs Above $4,400 as Cooler US CPI Cuts Fed Hike Bets
EN
