Cathie Wood Takes $182,000,000 Bet on Ethereum (ETH) Treasury Company BitMine Amid Sudden Portfolio Shuffle

  • Hedge fund manager Cathie Wood has allocated $182 million in capital to a newly launched Ethereum (ETH) treasury company. According to ARK Invest's fund page, the firm has invested in BitMine Immersion Technologies (BMNR), an Ethereum treasury company backed by billionaire Peter Thiel, with Fundstrat's Tom Lee serving as chairman of the board of directors.