Wood Sister Invests in Ethereum Asset Management Company BitMine

Odaily News Ark Investment Management, managed by Cathie Wood, has subscribed to approximately 4.77 million shares of Bitcoin mining company BitMine, worth $182 million, which will be allocated to three funds. According to a statement from BitMine, the proceeds from the sale will be used to purchase Ethereum. BitMine has recently turned to asset management strategies related to Ethereum.