Ethereum Updates Today: ARK's Move Toward Ethereum Reflects Growing Institutional Adoption of Crypto Assets for Treasury Management

Under Cathie Wood’s leadership, ARK Invest has made major changes to its portfolio, offloading $31.94 million worth of

shares on November 7, 2025, and reallocating funds to Technologies, a company now adopting an (ETH) treasury approach . By selling 71,638 Tesla shares, ARK continues to decrease its stake in the electric vehicle leader, which has been a core holding since 2018. In place of Tesla, ARK through three ETFs—ARK Next Generation Internet, , and Fintech Innovation—totaling about $2 million in value. Following the news, BitMine’s stock , though the company is currently facing $2.1 billion in unrealized losses on its assets due to recent price drops.

BitMine, under the direction of Wall Street veteran Thomas Lee, has emerged as a leading ETH treasury holder,

(representing 2.9% of the total circulating supply) as of November 2025. The company’s , which included adding 110,288 ETH in the week before November 10, highlights its goal to amass 5% of ETH’s supply. Lee , taking advantage of market swings to buy at “significant discounts to intrinsic value.” BitMine now holds the largest ETH treasury worldwide, and The Ether Machine.

ARK’s investment supports BitMine’s shift toward Ethereum, a move the company initiated in June 2025. This decision signals a rising institutional trust in crypto treasuries as structured investment tools.

—distributed among its main funds—shows a calculated bet on Ethereum’s future value, despite ongoing market volatility. Still, BitMine faces hurdles: underscore the inherent risks of cryptocurrency price swings.

In addition to BitMine, ARK broadened its portfolio by purchasing $14.51 million in Trade Desk Inc. shares and $12 million in Bullish crypto exchange stock,

. The firm also boosted its positions in biotech companies Intellia Therapeutics and Twist Bioscience, while reducing its holdings in GitLab, Roku, and Iridium Communications . These actions highlight ARK’s broader pivot toward sectors such as digital advertising and cryptocurrency, focusing on innovation-led growth.

The Ethereum market itself is showing mixed signals. Although BitMine’s purchases have helped push ETH above $3,500,

due to ongoing macroeconomic challenges. Outflows from ETFs and declining open interest in and ETH futures point to a cautious outlook . Nevertheless, BitMine’s ability to generate returns through staking and collaborations—such as its $200 million Layer 2 initiative— in linking traditional finance with decentralized networks.

ARK’s recent portfolio moves reflect a wider shift: more institutional investors are viewing cryptocurrencies as corporate assets rather than mere speculative instruments. As BitMine’s ETH treasury expands, its capacity to deliver returns through staking and strategic alliances will be vital in proving this model’s viability. For now, with a 2.9% stake in ETH and ARK’s support, BitMine stands out as a significant force in Ethereum’s changing landscape

.