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

Hedge fund supervisor Cathie Wooden has assigned $ 182 million in capital to a newly launched Ethereum (ETH) Treasury Firm.

In keeping with Ark Make investments’s Fund pageThe corporate has invested in Bitmine Immersion Applied sciences (BMNR), an Ethereum Treasury Firm, supported by billionaire Peter Thiel, with Tom Lee of Fundstrat as chairman of the board of administrators.

The shares of BMNR that Ark purchased have been distributed underneath his Ark Innovation (Arkk), Ark Subsequent Technology Web (ArkW) and Ark Fintech Innovation (Arkf) ETFs.

Commentary On the funding of Ark, Tom Lee stated that Wooden was a ‘pioneer of exponential investing’.

“We’re happy that the Ark Make investments of Cathie Wooden takes a big curiosity in Bitmine whereas seeing the exponential alternatives, whereas we give attention to 5% ETH …

Cathie is a pioneer of exponential investing, who has made early and worthwhile investments in Tesla, Bitcoin and AI. She was not too long ago an anchor investor in Circle (Ticker CRCL), one of the crucial placing IPOs (first public presents) previously 6 years. “

Put up on the social media platform X, Cathie Wooden said BMNR ultimately turns into a “winner” within the latest wave of Ethereum Treasury firms.

“The funding of Ark Spend money on BMNR is a voice that Fundstrat shall be one of many winners as Ethereum Powers Defi (decentralized monetary providers) within the ‘winner’ takes probably the most (digital asset treasury) house. Very completely happy to be in such a superb firm …

These firms will be the following technology of the gene on the capital markets on the chains. “

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