#CathieWood Pivots ARK Funds Into Tom Lee's #Ethereum Firm


ARK Invest has sold $90.5 million worth of Coinbase shares and $57.7 million in Roblox stock across three #ETFs.


The funds purchased 4.4 million shares of Tom Lee's $ETH treasury firm Bitmine worth $174 million, now comprising 1.5% of each portfolio.


Bitmine stock surged over 3,000% since announcing its pivot from $BTC to $ETH in late June.


Billionaire Peter Thiel acquired a 9.1% stake in the firm last week as institutional interest in Ethereum treasury companies grows.


Wood's ARKK fund maintains heavy tech exposure with Tesla at 9.7% while adding #Bitmine to its disruptive innovation thesis.

image
July 22, 2025 at 11:42 AM
24