Cathie Wood’s ARK Invest increases exposure to BitMine, purchasing 48,454 shares worth $2 million. BitMine shares surged 415% this year, reaching $40.23 on Friday. Meanwhile, ARK offloads Tesla shares, selling 71,638 shares valued at $30 million. Tesla shareholders approve Elon Musk’s $1 trillion pay package, increasing his ownership to 25%.

BitMine now holds $2.1 billion in unrealized losses due to recent crypto meltdown. The company holds 3.4 million ETH, acquiring over 565,000 in the past month. Visit our Magazine section for more insights on Bitcoin OG Kyle Chassé’s YouTube situation.

Read more at Cointelegraph: Cathie Wood’s ARK Invest Buys $2M in BitMine Shares, Sells $30M in Tesla