ARK Invest
On Nov. 28 ARK Invest sold $8.46M in GitLab shares and added $425K to its Bitcoin ETF holdings, marking a second major GitLab sale this week as Cathie Wood rebalances the portfolio.
ARK Invest increased crypto exposure amid a market dip, purchasing $5.8 million of BitMine stock and $2.9 million of Bullish shares. The moves point to renewed institutional interest in crypto-related equities.
Cathie Wood's ARK Invest bought 242,347 additional shares of BitMine, a company holding Ether in its treasury. The move underscores ARK's continued exposure to Ethereum and may reinforce institutional confidence in crypto.
Cathie Wood lowered her long-term Bitcoin price target by $300,000 while maintaining that BTC can still multiply from current levels. The revision reflects updated modeling and a slower adoption timetable rather than a reversal of conviction.
Cathie Wood's ARK Invest purchased $2 million of BitMine shares for its ETFs after the Ether-holding company's stock surged 415% in 2025, while trimming $30 million in Tesla exposure. The move signals increased institutional appetite for Ethereum-linked plays and a subtle portfolio rotation within ARK funds.
ARK Invest has significantly increased its cryptocurrency exposure, surpassing $2.15 billion across its key ETFs. The firm notably expanded its stake in Bullish while adjusting its portfolio to favor crypto assets over traditional tech stocks.
Bitcoin and major cryptocurrencies saw modest gains while MoneyGram introduced a new stablecoin app in Colombia. ARK Invest increased its Bullish shares significantly, and Tether reported over $10 billion profits with a new buyback program.