ARK Invest Sells Tesla to Boost Ethereum Exposure

Published: 2025-11-09 01:45:57 |

ARK Invest has sold 71,638 Tesla shares worth $30 million across its ARKK, ARKF and ARKW ETFs and redeployed $2 million into 48,454 shares of BitMine. This rebalance reflects a shift from legacy tech to blockchain assets and stronger Ethereum exposure. BitMine holds 3.4 million ETH as its treasury reserve, having acquired 565,000 ETH last month, despite $2.1 billion in unrealized losses. Its share price has surged over 400% year-to-date. The Tesla sale coincided with a 3.7% stock drop after Elon Musk’s $1 trillion compensation approval. ARK Invest’s move underscores a growing trend of crypto treasuries among institutional investors. Traders should watch Ethereum-centric platforms like BitMine and upcoming ARK ETF disclosures for potential impacts on ETH price dynamics and sector rotation.

Bullish

ARK Invest’s redeployment of Tesla proceeds into BitMine, with its 3.4 million ETH treasury, signals strong institutional confidence in Ethereum. The shift from legacy tech to blockchain assets often drives short-term demand for ETH as investors anticipate higher institutional adoption. Over the long term, the growing trend of crypto treasuries among major funds supports sustained ETH liquidity and network usage. While volatility remains, this development points to upward pressure on ETH prices and sector rotation into Ethereum-based strategies.