Cathie Wood's ARK Invest boosts BitMine stake, trims Tesla holdings

Core Insights - ARK Invest, led by Cathie Wood, has increased its investment in BitMine, a company focused on Ether treasury, founded by Tom Lee, while reducing its stake in Tesla [1] Group 1: Investment Moves - ARK Invest has expanded its position in BitMine, indicating a strategic shift towards cryptocurrency investments [1] - The firm has decreased its long-standing exposure to Tesla, suggesting a reevaluation of its investment strategy in the electric vehicle sector [1]